Vinva Investment Management Ltd Has $2.06 Million Stock Holdings in Hubbell Inc $HUBB

Vinva Investment Management Ltd lifted its holdings in shares of Hubbell Inc (NYSE:HUBB) by 37.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,841 shares of the industrial products company’s stock after acquiring an additional 1,322 shares during the period. Vinva Investment Management Ltd’s holdings in Hubbell were worth $2,064,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. raised its position in Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Mather Group LLC. acquired a new stake in Hubbell during the third quarter valued at approximately $37,000. Root Financial Partners LLC bought a new stake in shares of Hubbell in the 3rd quarter valued at approximately $45,000. SBI Securities Co. Ltd. grew its stake in shares of 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 purchasing an additional 89 shares during the period. Finally, Johnson Financial Group Inc. raised its holdings in shares of Hubbell by 185.4% in the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock worth $56,000 after buying an additional 89 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Up 3.4%

HUBB stock opened at $487.69 on Tuesday. The business has a fifty day moving average price of $492.09 and a 200 day moving average price of $456.70. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 2.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00.

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

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

Insider Activity at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of the business’s stock in a transaction dated 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 approximately $1,386,161.40. The trade was a 44.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction that occurred 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. The trade was a 50.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 34,689 shares of company stock worth $17,407,395. 0.76% of the stock is owned by insiders.

Analyst Ratings Changes

HUBB has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Stephens restated an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $529.75.

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.