Hubbell Inc $HUBB Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in shares of Hubbell Inc (NYSE:HUBB) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,900 shares of the industrial products company’s stock after selling 8,200 shares during the quarter. Swiss National Bank owned 0.29% of Hubbell worth $66,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HUBB. Hantz Financial Services Inc. boosted its holdings in Hubbell by 141.4% in 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 position in shares of Hubbell during the third quarter valued at about $37,000. Root Financial Partners LLC purchased a new position in shares of Hubbell in the 3rd quarter valued at approximately $45,000. SBI Securities Co. Ltd. raised 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 purchasing an additional 89 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in Hubbell by 185.4% in 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 in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Stock Performance

HUBB opened at $477.96 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. The firm has a 50 day moving average of $493.40 and a two-hundred day moving average of $457.12. The firm has a market capitalization of $25.41 billion, a PE ratio of 28.67, a P/E/G ratio of 2.42 and a beta of 1.00.

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. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business’s revenue for the quarter 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, analysts anticipate that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

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 issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio is presently 34.07%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group reissued a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a report on Friday, December 12th. Stephens reissued an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research report on Thursday, February 5th. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Evercore lifted their price target on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and an average target price of $536.00.

Insider Buying and Selling

In other news, VP Nero Jonathan M. Del sold 2,245 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of the transaction, the vice president owned 2,769 shares of the company’s stock, valued at $1,386,161.40. The trade was a 44.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction dated 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 completion of the sale, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. The trade was a 23.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,689 shares of company stock valued at $17,407,395 over the last quarter. 0.66% of the stock is currently owned by company insiders.

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.