Willis Investment Counsel Buys 1,479 Shares of Hubbell Inc $HUBB

Willis Investment Counsel boosted its stake in Hubbell Inc (NYSE:HUBB) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,527 shares of the industrial products company’s stock after acquiring an additional 1,479 shares during the period. Willis Investment Counsel’s holdings in Hubbell were worth $12,225,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Townsquare Capital LLC increased its holdings in shares of Hubbell by 0.8% in the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock valued at $1,212,000 after purchasing an additional 22 shares during the period. Unique Wealth LLC increased its holdings in shares of Hubbell by 2.6% in the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 23 shares during the period. GAMMA Investing LLC increased its holdings in shares of Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 24 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Hubbell by 5.5% in the third quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 25 shares during the period. Institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HUBB shares. Evercore increased their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Barclays upped their target price on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company lowered their target price on Hubbell from $550.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and an average price target of $533.50.

Hubbell Stock Up 5.5%

Shares of HUBB opened at $526.99 on Thursday. Hubbell Inc has a 52 week low of $314.78 and a 52 week high of $533.80. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.50 and a beta of 1.00. The stock’s 50-day moving average price is $498.16 and its 200-day moving average price is $464.14.

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

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $1.42 per share. The ex-dividend date was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. Hubbell’s dividend payout ratio is currently 34.07%.

Insiders Place Their Bets

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the transaction, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. This represents a 50.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 34,689 shares of company stock worth $17,407,395. Company insiders own 0.66% of the company’s stock.

About Hubbell

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.