Tema Etfs LLC Has $10.98 Million Position in Hubbell Inc $HUBB

Tema Etfs LLC boosted its holdings in Hubbell Inc (NYSE:HUBB) by 84.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,725 shares of the industrial products company’s stock after buying an additional 11,340 shares during the quarter. Hubbell makes up approximately 0.9% of Tema Etfs LLC’s investment portfolio, making the stock its 25th largest position. Tema Etfs LLC’s holdings in Hubbell were worth $10,981,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HUBB. Townsquare Capital LLC grew its holdings in Hubbell by 0.8% during the 3rd quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after acquiring an additional 22 shares during the last quarter. Unique Wealth LLC raised its stake in shares of Hubbell by 2.6% during the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 23 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Hubbell by 2.2% during the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock worth $473,000 after purchasing an additional 23 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 24 shares during the period. Finally, Blue Trust Inc. grew its stake 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 worth $207,000 after purchasing an additional 25 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBB has been the subject of a number of recent research reports. Mizuho set a $575.00 price objective on Hubbell in a report on Wednesday, February 4th. Barclays lifted their target price on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Stephens reissued an “overweight” rating and issued a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. UBS Group restated a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research report on Friday, December 12th. Finally, Wells Fargo & Company cut their price objective on Hubbell from $550.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday. Five research 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 an average rating of “Moderate Buy” and an average target price of $533.50.

Insiders Place Their Bets

In related news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. This represents a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Eugene Mikes sold 2,601 shares of the firm’s 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 sale, the insider directly owned 2,592 shares of the company’s stock, valued at $1,357,508.16. This represents a 50.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,689 shares of company stock valued at $17,407,395 over the last 90 days. 0.66% of the stock is owned by company insiders.

Hubbell Trading Up 2.1%

HUBB opened at $500.92 on Thursday. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $533.80. The company has a fifty day moving average of $496.47 and a 200-day moving average of $461.88. The stock has a market cap of $26.63 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.03. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. Hubbell’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, February 27th. Hubbell’s 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.