Securian Asset Management Inc. Lowers Stock Holdings in Hubbell Inc $HUBB

Securian Asset Management Inc. decreased its position in Hubbell Inc (NYSE:HUBB) by 45.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,410 shares of the industrial products company’s stock after selling 1,189 shares during the period. Securian Asset Management Inc.’s holdings in Hubbell were worth $626,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in Hubbell by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock worth $38,611,000 after buying an additional 3,542 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Hubbell by 64.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock worth $1,669,000 after acquiring an additional 1,514 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Hubbell by 15.7% during the third quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock worth $87,333,000 after acquiring an additional 27,576 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Hubbell by 32.4% during the fourth quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock worth $7,372,000 after acquiring an additional 4,060 shares during the last quarter. Finally, Walter Public Investments Inc. increased its stake in Hubbell by 33.3% during the 3rd quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock valued at $15,098,000 after purchasing an additional 8,774 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Insider Transactions at Hubbell

In other Hubbell news, 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 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 represents a 50.09% 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. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

HUBB has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Morgan Stanley lifted their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Evercore increased 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, Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

Hubbell Stock Performance

HUBB opened at $481.64 on Friday. The firm has a fifty day moving average price of $504.75 and a 200 day moving average price of $481.13. Hubbell Inc has a 1 year low of $374.68 and a 1 year high of $565.50. The stock has a market cap of $25.60 billion, a P/E ratio of 28.45, a P/E/G ratio of 2.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $3.50 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts anticipate that Hubbell Inc will post 19.83 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio is presently 33.55%.

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.