Hubbell Inc $HUBB Position Trimmed by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its holdings in Hubbell Inc (NYSE:HUBB) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,322 shares of the industrial products company’s stock after selling 1,227 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Hubbell were worth $4,442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its stake in shares of Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 41 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Hubbell by 400.0% during the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 68 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Hubbell in the 3rd quarter valued at $37,000. Root Financial Partners LLC purchased a new position in Hubbell in the 3rd quarter worth about $45,000. Finally, SBI Securities Co. Ltd. increased its stake in Hubbell by 278.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Up 0.1%

NYSE HUBB opened at $526.91 on Friday. 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 firm’s fifty day simple moving average is $479.64 and its 200-day simple moving average is $450.58. The company has a market capitalization of $28.00 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.66 and a beta of 1.02.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm earned $4.10 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, sell-side analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 price target on shares of Hubbell in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Barclays raised their target price on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $529.75.

Insider Buying and Selling at Hubbell

In other news, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction on Tuesday, February 17th. The shares were 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 $1,357,508.16. This represents a 50.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president directly owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 34,689 shares of company stock worth $17,407,395. Company insiders own 0.66% of the company’s stock.

Hubbell Company 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.