Heartland Advisors Inc. Buys 2,347 Shares of Hubbell Inc $HUBB

Heartland Advisors Inc. increased its stake in shares of Hubbell Inc (NYSE:HUBB) by 13.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,106 shares of the industrial products company’s stock after acquiring an additional 2,347 shares during the quarter. Heartland Advisors Inc.’s holdings in Hubbell were worth $8,652,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in shares of Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. Cullen Frost Bankers Inc. boosted its position in Hubbell by 400.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock valued at $35,000 after buying an additional 68 shares during the period. Mather Group LLC. bought a new position in Hubbell in the 3rd quarter worth about $37,000. Root Financial Partners LLC purchased a new position in shares of Hubbell during the third quarter worth approximately $45,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Hubbell by 278.1% during the third 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 in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Hubbell Trading Up 1.5%

Shares of Hubbell stock opened at $523.64 on Tuesday. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The stock has a market cap of $27.83 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02. The firm has a fifty day moving average price of $473.63 and a 200 day moving average price of $448.17.

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

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio is currently 34.07%.

Insider Transactions at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the transaction, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the sale, the vice president owned 2,769 shares in the company, valued at $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,088 shares of company stock valued at $16,045,173 in the last 90 days. 0.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Stephens reiterated an “overweight” rating and set a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and a consensus price target of $529.75.

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.