Erste Asset Management GmbH Sells 4,830 Shares of Hubbell Inc $HUBB

Erste Asset Management GmbH decreased its stake in Hubbell Inc (NYSE:HUBB) by 16.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,934 shares of the industrial products company’s stock after selling 4,830 shares during the quarter. Erste Asset Management GmbH’s holdings in Hubbell were worth $10,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Townsquare Capital LLC boosted its stake in Hubbell by 0.8% during the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after buying an additional 22 shares during the period. Unique Wealth LLC raised its stake in shares of Hubbell by 2.6% in the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 23 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 24 shares during the period. Blue Trust Inc. lifted its holdings in shares of Hubbell by 5.5% in the 3rd quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 25 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Hubbell by 5.7% during the 3rd quarter. Versant Capital Management Inc now owns 485 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Down 2.5%

Shares of NYSE:HUBB opened at $511.22 on Friday. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $533.80. The stock has a market cap of $27.18 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02. The business’s 50 day moving average is $487.96 and its 200 day moving average is $454.06. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company posted $4.10 EPS. Hubbell’s revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Sell-side analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group reissued a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a research report on Friday, December 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Monday, February 16th. Wells Fargo & Company boosted their price objective on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Mizuho set a $575.00 target price on Hubbell in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $529.75.

Insider Buying and Selling at Hubbell

In other news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were 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 of the company’s stock, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the transaction, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,689 shares of company stock valued at $17,407,395 in the last 90 days. Insiders own 0.66% of the company’s stock.

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.