NEOS Investment Management LLC Purchases 2,933 Shares of Hubbell Inc $HUBB

NEOS Investment Management LLC grew its position in shares of Hubbell Inc (NYSE:HUBB) by 26.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 14,126 shares of the industrial products company’s stock after acquiring an additional 2,933 shares during the quarter. NEOS Investment Management LLC’s holdings in Hubbell were worth $6,079,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HUBB. Vanguard Group Inc. lifted its position in Hubbell by 0.3% during the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock valued at $2,714,669,000 after purchasing an additional 21,508 shares during the last quarter. State Street Corp raised its position in shares of Hubbell by 1.2% during the 2nd quarter. State Street Corp now owns 2,183,405 shares of the industrial products company’s stock valued at $891,724,000 after buying an additional 26,708 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Hubbell by 15.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after acquiring an additional 226,856 shares during the last quarter. Invesco Ltd. grew its position in Hubbell by 0.6% in the second quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock worth $625,698,000 after acquiring an additional 9,697 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Hubbell by 1.8% during the second quarter. Geode Capital Management LLC now owns 1,353,824 shares of the industrial products company’s stock worth $550,571,000 after acquiring an additional 24,110 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gerben Bakker sold 25,233 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at approximately $32,143,647.40. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,088 shares of company stock valued at $16,045,173 over the last three months. 0.66% of the stock is owned by company insiders.

Hubbell Price Performance

Hubbell stock opened at $522.02 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The stock has a market cap of $27.75 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02. The firm has a 50-day moving average of $476.80 and a two-hundred day moving average of $449.37. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, research analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, February 27th. Hubbell’s payout ratio is presently 34.07%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HUBB. Morgan Stanley set a $515.00 price objective on Hubbell in a research note on Wednesday, January 7th. UBS Group reaffirmed a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. lifted 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, Barclays upped their price target on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus target price of $529.75.

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.