Hubbell (NYSE:HUBB) VP Sells 547 Shares of Stock

Hubbell Inc (NYSE:HUBB) VP Nero Jonathan Del sold 547 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the sale, the vice president directly owned 2,933 shares in the company, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hubbell Price Performance

Shares of HUBB traded down $5.83 on Thursday, reaching $507.06. The stock had a trading volume of 302,949 shares, compared to its average volume of 600,295. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The firm has a market capitalization of $26.79 billion, a PE ratio of 30.02, a PEG ratio of 2.55 and a beta of 0.90. The firm has a 50-day moving average of $494.29 and a 200 day moving average of $498.44. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.Hubbell’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Sell-side analysts expect that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

Institutional Investors Weigh In On Hubbell

Hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after buying an additional 1,518 shares during the period. Empowered Funds LLC grew its stake in Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 196 shares during the period. Geneos Wealth Management Inc. raised its holdings in Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 155 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Hubbell during the 1st quarter worth $599,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 111 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays increased their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Wells Fargo & Company upped their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. UBS Group reiterated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Stephens raised their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Six investment analysts have rated the stock with a Buy rating and four have given 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 $554.38.

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.