Hubbell Inc $HUBB Shares Purchased by Willis Investment Counsel

Willis Investment Counsel boosted its holdings in Hubbell Inc (NYSE:HUBB) by 7.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 35,199 shares of the industrial products company’s stock after acquiring an additional 2,476 shares during the quarter. Willis Investment Counsel’s holdings in Hubbell were worth $15,966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HUBB. Net Worth Advisory Group grew its stake in shares of Hubbell by 23.8% during the 3rd quarter. Net Worth Advisory Group now owns 552 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 106 shares during the period. Novem Group lifted its stake in shares of Hubbell by 7.5% in the third quarter. Novem Group now owns 2,130 shares of the industrial products company’s stock valued at $966,000 after purchasing an additional 149 shares during the period. Herold Advisors Inc. lifted its stake in shares of Hubbell by 25.4% in the third quarter. Herold Advisors Inc. now owns 1,971 shares of the industrial products company’s stock valued at $894,000 after purchasing an additional 399 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in Hubbell during the third quarter worth about $619,000. Finally, V Square Quantitative Management LLC boosted its holdings in Hubbell by 7.8% during the third quarter. V Square Quantitative Management LLC now owns 1,904 shares of the industrial products company’s stock worth $864,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insider Buying and Selling

In related news, VP Jonathan Del Nero sold 547 shares of the business’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 completion of the transaction, the vice president owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HUBB. Seaport Research Partners reaffirmed a “buy” rating and issued a $580.00 target price on shares of Hubbell in a report on Wednesday, September 30th. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. JPMorgan Chase & Co. initiated coverage on Hubbell in a report on Tuesday. They issued a “neutral” rating and a $485.00 price target on the stock. Evercore reaffirmed an “outperform” rating and issued a $630.00 price objective on shares of Hubbell in a research note on Friday, October 9th. Finally, Mizuho reduced their price objective on Hubbell from $575.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $552.67.

Hubbell Price Performance

Shares of HUBB stock traded down $5.50 during trading hours on Tuesday, hitting $459.42. The company’s stock had a trading volume of 227,360 shares, compared to its average volume of 570,964. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The business has a fifty day moving average of $468.15 and a 200-day moving average of $488.12. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The stock has a market cap of $24.27 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 2.30 and a beta of 0.85.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%. Hubbell’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities research analysts anticipate that Hubbell Inc will post 20.50 EPS for the current year.

Hubbell Announces Dividend

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

Hubbell Profile

Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.

Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.

Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.