4,105 Shares in Hubbell Inc $HUBB Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new position in shares of Hubbell Inc (NYSE:HUBB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,105 shares of the industrial products company’s stock, valued at approximately $1,766,000.

Other large investors also recently added to or reduced their stakes in the company. Boston Partners purchased a new stake in shares of Hubbell in the second quarter valued at $230,691,000. Troy Asset Management Ltd acquired a new stake in shares of Hubbell in the second quarter worth $132,540,000. Bain Capital Public Equity Management II LLC purchased a new position in shares of Hubbell during the second quarter valued at $132,286,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Hubbell by 15.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after buying an additional 226,856 shares in the last quarter. Finally, Merewether Investment Management LP acquired a new position in Hubbell during the second quarter valued at $68,164,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hubbell

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the sale, the vice president directly owned 14,913 shares of the company’s stock, valued at $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the transaction, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,689 shares of company stock worth $17,407,395 in the last ninety days. Insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

HUBB has been the subject of several research analyst reports. UBS Group reissued a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Barclays upped their target price on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Evercore raised their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $536.00.

Hubbell Price Performance

HUBB opened at $467.52 on Friday. The stock has a fifty day moving average price of $493.98 and a 200 day moving average price of $457.40. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80. The stock has a market cap of $24.85 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 2.37 and a beta of 1.00.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm posted $4.10 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts forecast that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $1.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio is currently 34.07%.

Hubbell Profile

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.