Jupiter Topco LLC Buys Shares of 115,421 Hubbell Inc $HUBB

Jupiter Topco LLC purchased a new position in shares of Hubbell Inc (NYSE:HUBB) during the second quarter, Holdings Channel.com reports. The fund purchased 115,421 shares of the industrial products company’s stock, valued at approximately $60,389,000.

Other institutional investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its stake in shares of Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 33 shares during the period. Raiffeisen Bank International AG lifted its position in Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in Hubbell in the second quarter worth approximately $35,000. Leonteq Securities AG bought a new position in Hubbell during the 1st quarter valued at $33,000. Finally, Fiduciary Financial Advisors bought a new position in Hubbell during the 2nd quarter valued at $37,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hubbell

In related news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the transaction, the vice president owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HUBB. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Wells Fargo & Company upped their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Robert W. Baird began coverage on Hubbell in a research note on Thursday, August 20th. They set an “outperform” rating and a $550.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $553.89.

Hubbell Price Performance

NYSE HUBB opened at $470.29 on Friday. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The business’s fifty day moving average is $492.88 and its two-hundred day moving average is $497.69. The stock has a market capitalization of $24.85 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.31 and a beta of 0.90. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61.

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

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 33.63%.

About Hubbell

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.