Everett Harris & Co. CA Buys Shares of 1,100 Hubbell Inc $HUBB

Everett Harris & Co. CA bought a new position in Hubbell Inc (NYSE:HUBB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,100 shares of the industrial products company’s stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after buying an additional 1,468,701 shares in the last quarter. Boston Partners raised its position in Hubbell by 37.8% during the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after acquiring an additional 278,649 shares in the last quarter. Troy Asset Management Ltd raised its position in Hubbell by 60.7% during the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after acquiring an additional 208,327 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in Hubbell by 355.8% in the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after acquiring an additional 173,668 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new stake in Hubbell in the second quarter valued at approximately $68,164,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Up 1.1%

Shares of HUBB stock opened at $512.48 on Friday. The stock’s 50 day simple moving average is $495.46 and its 200 day simple moving average is $498.69. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.48 and a beta of 0.90.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the business earned $4.93 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, research analysts predict that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Announces Dividend

The company 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. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is currently 33.63%.

Insider Activity

In related news, VP Nero Jonathan M. Del sold 547 shares of the firm’s stock in a transaction 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group reissued a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wells Fargo & Company lifted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Finally, Stephens increased their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

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.