LGT Capital Partners LTD. Reduces Position in Hubbell Inc $HUBB

LGT Capital Partners LTD. trimmed its holdings in Hubbell Inc (NYSE:HUBB) by 38.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 29,210 shares of the industrial products company’s stock after selling 18,160 shares during the quarter. LGT Capital Partners LTD.’s holdings in Hubbell were worth $12,569,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Townsquare Capital LLC grew its stake in Hubbell by 0.8% during the 3rd quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock valued at $1,212,000 after acquiring an additional 22 shares in the last quarter. Unique Wealth LLC boosted its holdings in shares of Hubbell by 2.6% during the 3rd quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 23 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of 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 purchasing an additional 24 shares in the last quarter. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 25 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Hubbell by 5.7% in 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 during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Down 2.0%

Shares of NYSE:HUBB opened at $516.43 on Tuesday. The firm has a market capitalization of $27.45 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 2.66 and a beta of 1.02. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The firm’s 50-day moving average is $481.06 and its two-hundred day moving average is $451.62.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating 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 firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business posted $4.10 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The firm also recently declared 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 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%.

Insider Buying and Selling

In other news, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the sale, the insider directly owned 2,592 shares in the company, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction on Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the transaction, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,689 shares of company stock worth $17,407,395 over the last ninety days. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HUBB. Barclays boosted their price objective on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a report on Monday, February 16th. Wells Fargo & Company boosted their price target on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $515.00 price objective on shares of Hubbell in a report on Wednesday, January 7th. Finally, Evercore raised their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company 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.