Grandfield & Dodd LLC Invests $1.62 Million in Hubbell Inc $HUBB

Grandfield & Dodd LLC bought a new stake in Hubbell Inc (NYSE:HUBB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,095 shares of the industrial products company’s stock, valued at approximately $1,619,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HUBB. BlackRock Inc. purchased a new position in Hubbell during the second quarter worth about $2,455,986,000. Bank of New York Mellon Corp acquired a new stake in Hubbell in the second quarter valued at about $783,142,000. Wellington Management Group LLP boosted its holdings in Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after purchasing an additional 1,468,701 shares in the last quarter. Deutsche Bank AG purchased a new stake in Hubbell in the 2nd quarter valued at approximately $610,053,000. Finally, Boston Partners increased its position in Hubbell by 37.8% during the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock worth $452,675,000 after purchasing an additional 278,649 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Down 1.3%

Shares of HUBB opened at $504.73 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average is $495.84 and its two-hundred day moving average is $498.91. 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 $26.66 billion, a P/E ratio of 29.88, a PEG ratio of 2.51 and a beta of 0.90.

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, beating analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company posted $4.93 earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, research analysts predict that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company 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 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is presently 33.63%.

Analysts Set New Price Targets

HUBB has been the subject of a number of analyst reports. Wells Fargo & Company increased their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. UBS Group restated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Barclays increased their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

Insiders Place Their Bets

In related news, VP Nero Jonathan M. Del sold 547 shares of the firm’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 completion of the transaction, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by insiders.

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.