JPMorgan Chase & Co. Sells 158,459 Shares of Hubbell Inc $HUBB

JPMorgan Chase & Co. trimmed its stake in Hubbell Inc (NYSE:HUBB) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 887,375 shares of the industrial products company’s stock after selling 158,459 shares during the period. JPMorgan Chase & Co.’s holdings in Hubbell were worth $381,847,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HUBB. Townsquare Capital LLC increased its holdings in shares of Hubbell by 0.8% in the 3rd quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after buying an additional 22 shares during the last quarter. Unique Wealth LLC grew its position in Hubbell by 2.6% in the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 23 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 24 shares during the last quarter. Blue Trust Inc. increased its stake in Hubbell by 5.5% in the third quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 25 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Hubbell by 5.7% during the third quarter. Versant Capital Management Inc now owns 485 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 26 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Insider Activity at Hubbell

In related news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the transaction, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. This represents a 23.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell 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 completion of the sale, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,088 shares of company stock worth $16,045,173 over the last quarter. 0.66% of the stock is owned by corporate insiders.

Hubbell Price Performance

Shares of Hubbell stock opened at $522.02 on Thursday. The company’s fifty day simple moving average is $476.80 and its two-hundred day simple moving average is $449.37. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. The firm has a market cap of $27.75 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business posted $4.10 earnings per share. Hubbell’s revenue for the quarter 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, equities analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s payout ratio is 34.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Stephens reissued an “overweight” rating and set a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Barclays boosted their price objective on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Monday. Finally, UBS Group reissued a “neutral” rating and issued a $450.00 price target on shares of Hubbell in a research note on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.