First Trust Advisors LP Buys 6,142 Shares of Hubbell Inc $HUBB

First Trust Advisors LP lifted its position in Hubbell Inc (NYSE:HUBB) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 416,911 shares of the industrial products company’s stock after acquiring an additional 6,142 shares during the period. First Trust Advisors LP’s holdings in Hubbell were worth $179,401,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 41 shares in the last quarter. Mather Group LLC. acquired a new stake in Hubbell in the third quarter valued at $37,000. Root Financial Partners LLC bought a new position in shares of Hubbell in the 3rd quarter valued at about $45,000. SBI Securities Co. Ltd. grew its position in shares of Hubbell by 278.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 89 shares during the period. Finally, Johnson Financial Group Inc. increased its stake in shares of Hubbell by 185.4% during the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 89 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

Shares of HUBB stock opened at $472.11 on Friday. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $533.80. The company has a market capitalization of $25.10 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.38 and a beta of 1.00. The company has a 50-day simple moving average of $491.37 and a 200 day simple moving average of $456.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.

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

Hubbell Announces Dividend

The company 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 is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 34.07%.

Insider Transactions at Hubbell

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the transaction, the vice president directly owned 14,913 shares of the company’s stock, valued at $7,540,012.80. This represents a 23.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, the chief executive officer owned 64,420 shares in the company, valued at $32,143,647.40. The trade was a 28.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 34,689 shares of company stock valued at $17,407,395. 0.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore upped their target price on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group restated a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Stephens reaffirmed an “overweight” rating and issued a $550.00 price objective on shares of Hubbell in a research report on Thursday, February 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. 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, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $529.75.

Hubbell Company 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.