Hubbell Inc $HUBB Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in Hubbell Inc (NYSE:HUBB) by 143.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,721 shares of the industrial products company’s stock after purchasing an additional 19,298 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hubbell were worth $14,080,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Hubbell by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock worth $38,611,000 after acquiring an additional 3,542 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Hubbell by 64.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock valued at $1,669,000 after purchasing an additional 1,514 shares during the last quarter. Nordea Investment Management AB raised its holdings in Hubbell by 15.7% during the third quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock worth $87,333,000 after purchasing an additional 27,576 shares in the last quarter. Walter Public Investments Inc. lifted its position in shares of Hubbell by 33.3% during the 3rd quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock worth $15,098,000 after buying an additional 8,774 shares during the last quarter. Finally, Troy Asset Management Ltd lifted its position in shares of Hubbell by 5.8% during the 3rd quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock worth $147,722,000 after buying an additional 18,767 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Price Performance

Shares of HUBB opened at $511.22 on Monday. 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 Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The firm has a 50-day simple moving average of $487.96 and a 200-day simple moving average of $454.28. The company has a market capitalization of $27.18 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.00.

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

Hubbell Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Evercore raised 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. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, UBS Group restated a “neutral” rating and set a $450.00 price target on shares of Hubbell in a research note on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $529.75.

Insider Buying and Selling

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the transaction, the vice president owned 14,913 shares in the company, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president owned 2,769 shares of the company’s stock, valued at $1,386,161.40. This trade represents a 44.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,689 shares of company stock valued at $17,407,395 in the last ninety days. Company insiders own 0.76% of the company’s stock.

Hubbell Company Profile

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.