Hubbell Inc $HUBB Holdings Increased by Troy Asset Management Ltd

Troy Asset Management Ltd lifted its holdings in Hubbell Inc (NYSE:HUBB) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 343,293 shares of the industrial products company’s stock after purchasing an additional 18,767 shares during the quarter. Hubbell accounts for about 3.7% of Troy Asset Management Ltd’s investment portfolio, making the stock its 10th biggest holding. Troy Asset Management Ltd owned 0.65% of Hubbell worth $147,722,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Hubbell by 64.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock worth $1,669,000 after purchasing an additional 1,514 shares in the last quarter. Nordea Investment Management AB lifted its position in Hubbell by 15.7% during the third quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock valued at $87,333,000 after purchasing an additional 27,576 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Hubbell by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock valued at $38,611,000 after purchasing an additional 3,542 shares during the period. Walter Public Investments Inc. increased its position in Hubbell by 33.3% in the third quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock worth $15,098,000 after buying an additional 8,774 shares in the last quarter. Finally, Ilex Capital Partners UK LLP purchased a new stake in Hubbell in the second quarter worth about $1,431,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hubbell

In other Hubbell news, Director John F. Malloy purchased 435 shares of Hubbell stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of $429.24 per share, for a total transaction of $186,719.40. Following the completion of the transaction, the director owned 19,085 shares of the company’s stock, valued at approximately $8,192,045.40. This trade represents a 2.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the transaction, the vice president owned 2,769 shares of the company’s stock, valued at $1,386,161.40. This trade represents a 44.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,088 shares of company stock valued at $16,045,173 over the last 90 days. Insiders own 0.66% of the company’s stock.

Hubbell Stock Performance

HUBB opened at $523.64 on Friday. The stock has a market capitalization of $27.83 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 2.65 and a beta of 1.02. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The company has a fifty day moving average of $471.98 and a 200 day moving average of $447.50.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $4.10 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, sell-side analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. Hubbell’s payout ratio is presently 34.07%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HUBB. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Hubbell from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 8th. JPMorgan Chase & Co. upped their price target on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $515.00 price objective on shares of Hubbell in a research report on Wednesday, January 7th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a report on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $529.75.

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.