Munich Reinsurance Co Stock Corp in Munich Invests $2.79 Million in Hubbell Inc $HUBB

Munich Reinsurance Co Stock Corp in Munich bought a new stake in Hubbell Inc (NYSE:HUBB) during the third quarter, Holdings Channel.com reports. The fund bought 6,494 shares of the industrial products company’s stock, valued at approximately $2,794,000.

Several other hedge funds have also bought and sold shares of HUBB. Hantz Financial Services Inc. grew its stake in Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after buying an additional 41 shares in the last quarter. Mather Group LLC. bought a new position in shares of Hubbell in the 3rd quarter worth $37,000. Root Financial Partners LLC purchased a new stake in shares of Hubbell during the 3rd quarter valued at $45,000. SBI Securities Co. Ltd. lifted its holdings in shares of Hubbell by 278.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 89 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Hubbell by 185.4% during the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 89 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HUBB has been the subject of several research reports. Barclays upped their target price on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 price target on Hubbell in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a report on Friday, December 12th. Morgan Stanley set a $515.00 price objective on Hubbell in a research report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Price Performance

Shares of Hubbell stock opened at $472.11 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. Hubbell Inc has a one year low of $299.42 and a one year high of $533.80. The business’s 50 day simple moving average is $491.37 and its two-hundred day simple moving average is $456.10. The stock has a market capitalization of $25.10 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00.

Hubbell (NYSE:HUBB) last released its quarterly earnings data 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 firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted $4.10 earnings per share. The business’s quarterly 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. Analysts forecast that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is presently 34.07%.

Insider Activity

In other news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president directly owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of the 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 sale, the chief executive officer owned 64,420 shares of the company’s stock, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 34,689 shares of company stock worth $17,407,395. 0.66% of the stock is currently owned by corporate insiders.

Hubbell 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.