Mark Eugene Mikes Sells 2,601 Shares of Hubbell (NYSE:HUBB) Stock

Hubbell Inc (NYSE:HUBB) insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the sale, the insider directly owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hubbell Stock Up 0.1%

Shares of NYSE HUBB opened at $526.91 on Friday. The firm has a market cap of $28.01 billion, a PE ratio of 31.61, a P/E/G ratio of 2.66 and a beta of 1.02. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. The company’s fifty day simple moving average is $479.64 and its 200 day simple moving average is $450.58. 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 posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $4.10 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, sell-side analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HUBB. Evercore boosted their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 price objective on shares of Hubbell in a report on Wednesday, February 4th. Stephens reaffirmed an “overweight” rating and issued a $550.00 price objective on shares of Hubbell in a research note on Thursday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, UBS Group restated a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a report on Friday, December 12th. Five equities research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $529.75.

Hedge Funds Weigh In On Hubbell

Several hedge funds have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 34 shares in the last quarter. NBT Bank N A NY bought a new position in Hubbell in the 4th quarter valued at $27,000. Raiffeisen Bank International AG grew its stake in Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Hantz Financial Services Inc. increased its position in shares of Hubbell by 141.4% during the 3rd 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 last quarter. Finally, Baillie Gifford & Co. raised its stake in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares during the period. Institutional investors own 88.16% of the company’s stock.

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.