1,650 Shares in Hubbell Inc $HUBB Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) during the 2nd quarter, HoldingsChannel reports. The firm acquired 1,650 shares of the industrial products company’s stock, valued at approximately $863,000.

Several other institutional investors have also recently made changes to their positions in the company. Citizens Financial Group Inc. RI bought a new position in shares of Hubbell during the second quarter valued at about $309,000. Grandfield & Dodd LLC bought a new stake in Hubbell in the 2nd quarter worth about $1,619,000. BlackRock Inc. bought a new position in shares of Hubbell during the 2nd quarter worth approximately $2,455,986,000. Occidental Asset Management LLC purchased a new position in shares of Hubbell in the 2nd quarter worth approximately $7,121,000. Finally, Deutsche Bank AG bought a new position in shares of Hubbell in the second quarter valued at approximately $610,053,000. Institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Stephens increased their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group restated a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Price Performance

HUBB opened at $484.45 on Wednesday. The firm has a 50-day moving average price of $495.82 and a 200-day moving average price of $498.90. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $25.59 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.51 and a beta of 0.90.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. Hubbell’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities analysts expect that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio is 33.63%.

Insider Buying and Selling

In other news, VP Nero Jonathan M. Del sold 547 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the transaction, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

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.