Tredje AP fonden Purchases 1,437 Shares of Hubbell Inc $HUBB

Tredje AP fonden increased its position in Hubbell Inc (NYSE:HUBB) by 34.4% during the third quarter, Holdings Channel reports. The firm owned 5,617 shares of the industrial products company’s stock after buying an additional 1,437 shares during the quarter. Tredje AP fonden’s holdings in Hubbell were worth $2,417,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. increased its position in Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after buying an additional 41 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Hubbell by 400.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 68 shares during the period. Mather Group LLC. acquired a new position in shares of Hubbell during the 3rd quarter worth approximately $37,000. Root Financial Partners LLC acquired a new position in shares of Hubbell during the 3rd quarter worth approximately $45,000. Finally, SBI Securities Co. Ltd. raised its stake in Hubbell by 278.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 89 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. This trade represents a 50.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell 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 completion of the transaction, the vice president directly owned 2,769 shares of the company’s stock, valued at $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 34,689 shares of company stock worth $17,407,395. 0.66% of the stock is owned by corporate insiders.

Hubbell Trading Up 0.1%

HUBB stock opened at $526.91 on Friday. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $533.80. The company has a market capitalization of $28.01 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.66 and a beta of 1.02. The company’s 50-day simple moving average is $479.64 and its 200 day simple moving average is $450.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.

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

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid 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 34.07%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho set a $575.00 price objective on shares of Hubbell in a research report on Wednesday, February 4th. Barclays lifted their target price on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $450.00 price target 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 report on Monday, February 16th. Finally, Evercore boosted their price objective on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.