13,010 Shares in Hubbell Inc $HUBB Bought by Glenview Trust Co

Glenview Trust Co purchased a new position in Hubbell Inc (NYSE:HUBB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,010 shares of the industrial products company’s stock, valued at approximately $6,807,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its holdings in shares of Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,518 shares during the period. Empowered Funds LLC grew its stake in shares of Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after buying an additional 196 shares during the period. Geneos Wealth Management Inc. increased its position in Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after buying an additional 155 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Hubbell in the 1st quarter valued at about $599,000. Finally, EverSource Wealth Advisors LLC raised its stake in Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after buying an additional 111 shares during the period. 88.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stephens increased their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Barclays upped their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Wells Fargo & Company increased their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $553.89.

Hubbell Price Performance

HUBB stock opened at $470.29 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The business has a 50-day simple moving average of $492.88 and a two-hundred day simple moving average of $497.69. The company has a market capitalization of $24.85 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the business posted $4.93 earnings per share. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Research analysts expect that Hubbell Inc will post 20.41 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

Insiders Place Their Bets

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.63% 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.