13,137 Shares of Hubbell Inc $HUBB Acquired by Reliant Investment Management LLC

Reliant Investment Management LLC purchased a new position in shares of Hubbell Inc (NYSE:HUBB) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 13,137 shares of the industrial products company’s stock, valued at approximately $5,959,000. Hubbell comprises approximately 2.0% of Reliant Investment Management LLC’s investment portfolio, making the stock its 23rd largest holding.

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

Hubbell Trading Down 1.2%

NYSE:HUBB opened at $472.04 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The business’s 50-day simple moving average is $470.89 and its 200 day simple moving average is $488.49. The stock has a market cap of $24.94 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.38 and a beta of 0.85.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $4.93 earnings per share. Hubbell’s revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, sell-side analysts predict that Hubbell Inc will post 20.45 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st 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 Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HUBB shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Wells Fargo & Company initiated coverage on shares of Hubbell in a report on Thursday, September 24th. They set an “equal weight” rating and a $531.00 price target for the company. Morgan Stanley lifted their price target on shares of Hubbell from $565.00 to $575.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 2nd. Robert W. Baird initiated 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. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $580.00 price objective on shares of Hubbell in a report on Wednesday, September 30th. One 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $556.78.

Insider Activity

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the transaction, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.63% of the stock is currently owned by insiders.

Hubbell Company Profile

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.