Man Group plc Makes New Investment in Hubbell Inc $HUBB

Man Group plc acquired a new position in shares of Hubbell Inc (NYSE:HUBB) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 343,460 shares of the industrial products company’s stock, valued at approximately $179,698,000. Man Group plc owned 0.65% of Hubbell at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HUBB. BlackRock Inc. acquired a new position in shares of Hubbell in the second quarter worth about $2,455,986,000. Bank of New York Mellon Corp acquired a new stake in shares of Hubbell during the 2nd quarter valued at about $783,142,000. Wellington Management Group LLP grew its position in shares of Hubbell by 140.4% during 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 acquiring an additional 1,468,701 shares during the period. Deutsche Bank AG purchased a new position in shares of Hubbell in the 2nd quarter valued at about $610,053,000. Finally, Boston Partners increased its stake in shares of Hubbell by 37.8% in the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after purchasing an additional 278,649 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Performance

Shares of NYSE:HUBB opened at $464.05 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The business’s 50 day moving average price is $494.67 and its 200-day moving average price is $498.02. The firm has a market capitalization of $24.52 billion, a PE ratio of 27.47, a P/E/G ratio of 2.29 and a beta of 0.90. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50.

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

Hubbell Dividend Announcement

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

Insider Buying and Selling at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the firm’s stock in a transaction dated 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 of the company’s stock, 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 filing with the SEC, which is available at this link. Corporate insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on HUBB shares. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Robert W. Baird assumed coverage on Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 target price on the stock. Finally, Barclays lifted their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $553.89.

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.