Stableford Capital II LLC Lowers Holdings in Hubbell Inc $HUBB

Stableford Capital II LLC lowered its position in Hubbell Inc (NYSE:HUBB) by 60.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,384 shares of the industrial products company’s stock after selling 2,087 shares during the quarter. Stableford Capital II LLC’s holdings in Hubbell were worth $628,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its position in Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Schuylkill Financial LLC bought a new stake in shares of Hubbell during the second quarter worth $30,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Hubbell in the second quarter valued at $35,000. Leonteq Securities AG bought a new position in shares of Hubbell in the first quarter valued at about $33,000. Finally, Fiduciary Financial Advisors acquired a new position in Hubbell during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HUBB. Wells Fargo & Company began coverage on shares of Hubbell in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $531.00 price objective for the company. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Robert W. Baird began coverage on shares of Hubbell in a research note on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target on the stock. UBS Group reissued a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Finally, Morgan Stanley boosted their price objective on shares of Hubbell from $565.00 to $575.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $551.78.

Hubbell Stock Performance

Shares of NYSE:HUBB opened at $475.70 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The stock has a market capitalization of $25.13 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.37 and a beta of 0.85. The business has a 50-day moving average price of $472.25 and a two-hundred day moving average price of $489.07.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results 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 net margin of 14.49% and a return on equity of 27.11%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the company earned $4.93 EPS. Hubbell’s revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities analysts predict that Hubbell Inc will post 20.45 earnings per share for the current year.

Hubbell Announces Dividend

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

Insiders Place Their Bets

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the firm’s stock in a transaction dated 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 owned 2,933 shares in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

About Hubbell

Hubbell Incorporated (NYSE:HUBB) designs and manufactures electrical and utility products used to support the generation, transmission, distribution and control of electricity. The company serves electric utilities, electrical contractors, industrial businesses, commercial facilities and communications infrastructure providers.

Its Utility Solutions products include transmission and distribution equipment, connectors, insulators, arresters, grounding and bonding products, substation equipment, and enclosures for underground electrical systems.