Hubbell (NYSE:HUBB) CEO Gerben Bakker Sells 25,233 Shares

Hubbell Inc (NYSE:HUBB) CEO Gerben Bakker sold 25,233 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the completion of the sale, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Hubbell Stock Performance

NYSE:HUBB opened at $502.26 on Wednesday. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $513.59. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average of $467.04 and a 200-day moving average of $445.79. The firm has a market cap of $26.69 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02.

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

Hubbell Dividend Announcement

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

Hedge Funds Weigh In On Hubbell

A number of large investors have recently made changes to their positions in HUBB. Vanguard Group Inc. boosted its holdings in shares of Hubbell by 0.3% during the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock worth $2,714,669,000 after purchasing an additional 21,508 shares during the period. State Street Corp lifted its position in Hubbell by 3.6% in the 3rd quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock worth $973,337,000 after buying an additional 78,539 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hubbell by 15.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after buying an additional 226,856 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Hubbell by 0.6% during the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after buying an additional 9,697 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Hubbell by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after acquiring an additional 10,898 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HUBB shares. JPMorgan Chase & Co. lifted their target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Evercore increased their price target on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Barclays lifted their price target on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Stephens reaffirmed an “overweight” rating and set a $550.00 price objective on shares of Hubbell in a research note on Thursday, February 5th. Finally, Mizuho set a $575.00 target price on shares of Hubbell in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and an average 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.