Stance Capital LLC Has $96,000 Position in Hubbell Inc $HUBB

Stance Capital LLC decreased its position in shares of Hubbell Inc (NYSE:HUBB) by 96.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 223 shares of the industrial products company’s stock after selling 6,002 shares during the period. Stance Capital LLC’s holdings in Hubbell were worth $96,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Boston Partners acquired a new stake in Hubbell in the 2nd quarter worth approximately $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Hubbell during the 3rd quarter worth about $162,309,000. Troy Asset Management Ltd acquired a new position in Hubbell in the 2nd quarter valued at approximately $132,540,000. Bain Capital Public Equity Management II LLC bought a new stake in Hubbell in the 2nd quarter valued at $132,286,000. Finally, Massachusetts Financial Services Co. MA grew its position in Hubbell by 15.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after acquiring an additional 226,856 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Up 1.7%

HUBB stock opened at $479.05 on Thursday. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The company has a market cap of $25.47 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00. The stock’s 50 day simple moving average is $494.21 and its 200 day simple moving average is $458.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.03. The company 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 quarter in the previous year, the firm earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio is 34.07%.

Insiders Place Their Bets

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction that occurred on Friday, February 6th. The shares were 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 directly owned 64,420 shares in the company, valued at $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of the sale, 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 position. 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. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HUBB. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Barclays increased their target price on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a research note on Friday, December 12th. JPMorgan Chase & Co. upped their price objective on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $536.00.

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.