Swedbank AB Has $11.88 Million Stock Position in Hubbell Inc $HUBB

Swedbank AB cut its holdings in Hubbell Inc (NYSE:HUBB) by 4.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,606 shares of the industrial products company’s stock after selling 1,157 shares during the period. Swedbank AB owned about 0.05% of Hubbell worth $11,879,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Central Pacific Bank Trust Division bought a new position in Hubbell in the second quarter valued at $29,000. Cullen Frost Bankers Inc. boosted its stake in shares of Hubbell by 400.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock worth $35,000 after buying an additional 68 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Hubbell in the 1st quarter valued at about $53,000. Johnson Financial Group Inc. increased its position in shares of Hubbell by 185.4% in the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 89 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Hubbell during the second quarter worth about $57,000. Institutional investors own 88.16% of the company’s stock.

Insider Transactions at Hubbell

In related news, insider Alyssa R. Flynn sold 2,011 shares of Hubbell stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $470.32, for a total transaction of $945,813.52. Following the completion of the sale, the insider directly owned 3,243 shares of the company’s stock, valued at approximately $1,525,247.76. This trade represents a 38.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark Eugene Mikes sold 2,470 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $466.50, for a total value of $1,152,255.00. Following the completion of the sale, the insider owned 4,785 shares of the company’s stock, valued at $2,232,202.50. This trade represents a 34.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.66% of the stock is owned by corporate insiders.

Hubbell Trading Down 0.4%

HUBB stock opened at $454.56 on Friday. Hubbell Inc has a one year low of $299.42 and a one year high of $484.26. The stock has a market cap of $24.16 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a fifty day moving average price of $442.23 and a two-hundred day moving average price of $430.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.85.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.19. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. Hubbell’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.49 EPS. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Equities analysts anticipate that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $1.42 per share. This is a boost from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, November 28th. Hubbell’s dividend payout ratio is presently 35.24%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HUBB shares. Mizuho raised their price target on Hubbell from $475.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Evercore ISI initiated coverage on shares of Hubbell in a research note on Monday, December 15th. They issued an “outperform” rating and a $575.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Barclays increased their price target on shares of Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Hubbell from $490.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $488.43.

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.