Hubbell Inc $HUBB Stock Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in shares of Hubbell Inc (NYSE:HUBB) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,301 shares of the industrial products company’s stock after selling 14,275 shares during the quarter. Vontobel Holding Ltd.’s holdings in Hubbell were worth $35,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its holdings in Hubbell by 2.1% in the second quarter. IFP Advisors Inc now owns 1,181 shares of the industrial products company’s stock worth $618,000 after acquiring an additional 24 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Hubbell by 2.4% during the third quarter. Farther Finance Advisors LLC now owns 1,101 shares of the industrial products company’s stock valued at $500,000 after acquiring an additional 26 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of Hubbell by 1.7% during the first quarter. Meeder Advisory Services Inc. now owns 1,698 shares of the industrial products company’s stock valued at $833,000 after acquiring an additional 28 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Hubbell by 26.7% in the 1st quarter. Root Financial Partners LLC now owns 147 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 31 shares during the last quarter. Finally, Pinnacle Bancorp Inc. raised its position in shares of Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBB has been the subject of a number of recent analyst reports. Seaport Research Partners reiterated a “buy” rating and issued a $580.00 target price on shares of Hubbell in a research note on Wednesday, September 30th. Mizuho cut their price target on shares of Hubbell from $575.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday. Evercore reaffirmed an “outperform” rating and issued a $630.00 price target on shares of Hubbell in a report on Friday, October 9th. Robert W. Baird assumed coverage on shares of Hubbell in a research note on Thursday, August 20th. They set an “outperform” rating and a $550.00 price objective for the company. Finally, Wall Street Zen lowered 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, five have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and a consensus price target of $557.89.

Hubbell Stock Performance

NYSE HUBB traded down $3.44 during mid-day trading on Friday, reaching $461.27. 434,154 shares of the stock were exchanged, compared to its average volume of 496,862. The business’s 50 day moving average is $468.96 and its 200-day moving average is $488.18. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The company has a market capitalization of $24.37 billion, a P/E ratio of 27.31, a P/E/G ratio of 2.32 and a beta of 0.85. 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 (NYSE:HUBB) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business earned $4.93 earnings per share. The firm’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. On average, equities research analysts forecast that Hubbell Inc will post 20.45 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend 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%.

Insider Activity at Hubbell

In other 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 sale, the vice president directly owned 2,933 shares in the company, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by company 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.