North Star Asset Management Inc. Acquires New Stake in Hubbell Inc $HUBB

North Star Asset Management Inc. bought a new position in shares of Hubbell Inc (NYSE:HUBB) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,106 shares of the industrial products company’s stock, valued at approximately $1,102,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its stake in Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Raiffeisen Bank International AG raised its stake in shares of Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Hubbell in the third quarter valued at $33,000. DV Equities LLC acquired a new stake in shares of Hubbell in the fourth quarter valued at $33,000. Finally, Leonteq Securities AG bought a new position in Hubbell during the first quarter valued at about $33,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the sale, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $459.86 on Friday. The company has a market capitalization of $24.29 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.30 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. The stock has a fifty day moving average of $491.58 and a 200-day moving average of $497.43. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities analysts anticipate that Hubbell Inc will post 20.41 EPS 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 paid a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Wall Street Analysts Forecast Growth

HUBB has been the topic of a number of research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Barclays upped their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Robert W. Baird started coverage on shares of Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price objective for the company. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $553.89.

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.