Stableford Capital II LLC Purchases 1,070 Shares of Hubbell Inc $HUBB

Stableford Capital II LLC grew its position in shares of Hubbell Inc (NYSE:HUBB) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,173 shares of the industrial products company’s stock after acquiring an additional 1,070 shares during the period. Stableford Capital II LLC’s holdings in Hubbell were worth $1,853,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of Hubbell by 4.1% in the 3rd 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 raised its holdings in shares of Hubbell by 64.0% during the third 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 in the last quarter. Nordea Investment Management AB raised its holdings in shares of Hubbell by 15.7% during the third 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. lifted its stake in Hubbell by 33.3% in the third quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock worth $15,098,000 after acquiring an additional 8,774 shares during the period. Finally, Troy Asset Management Ltd boosted its holdings in Hubbell by 5.8% in the third quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock valued at $147,722,000 after acquiring an additional 18,767 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Wells Fargo & Company lifted their target price on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Evercore boosted their price target on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price target on shares of 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 lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $536.00.

Insider Buying and Selling

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction on 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 transaction, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the business’s stock in a transaction 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 in the company, valued at $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 34,689 shares of company stock worth $17,407,395. 0.66% of the stock is currently owned by corporate insiders.

Hubbell Stock Performance

Shares of HUBB stock opened at $480.39 on Friday. The company’s fifty day moving average price is $496.29 and its 200-day moving average price is $460.48. The stock has a market cap of $25.54 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. 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 Inc has a 12 month low of $299.42 and a 12 month high of $533.80.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results 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. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $4.10 EPS. Hubbell’s revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities analysts expect that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

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

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.