Natixis Advisors LLC Has $17.83 Million Holdings in Hubbell Inc $HUBB

Natixis Advisors LLC raised its position in shares of Hubbell Inc (NYSE:HUBB) by 17.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,428 shares of the industrial products company’s stock after purchasing an additional 6,290 shares during the period. Natixis Advisors LLC’s holdings in Hubbell were worth $17,827,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HUBB. Envestnet Asset Management Inc. lifted its position in shares of Hubbell by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock worth $38,611,000 after buying an additional 3,542 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Hubbell by 64.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock valued at $1,669,000 after acquiring an additional 1,514 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Hubbell by 15.7% in the 3rd quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock valued at $87,333,000 after acquiring an additional 27,576 shares in the last quarter. Walter Public Investments Inc. raised its stake in shares of Hubbell by 33.3% in the 3rd quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock valued at $15,098,000 after acquiring an additional 8,774 shares in the last quarter. Finally, Troy Asset Management Ltd lifted its holdings in Hubbell by 5.8% in the 3rd quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock worth $147,722,000 after purchasing an additional 18,767 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Price Performance

Shares of HUBB stock opened at $477.96 on Thursday. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The company has a market capitalization of $25.41 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.42 and a beta of 1.00. The stock has a 50 day moving average of $493.40 and a two-hundred day moving average of $457.12. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

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

Hubbell Announces Dividend

The firm 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. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s payout ratio is 34.07%.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several analyst reports. Mizuho set a $575.00 price target on Hubbell in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Barclays raised their target price on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Morgan Stanley boosted their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, UBS Group restated a “neutral” rating and set a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $536.00.

Insider Buying and Selling at Hubbell

In other news, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of the firm’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 transaction, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 34,689 shares of company stock worth $17,407,395. Corporate insiders own 0.66% 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.