Hubbell Inc $HUBB Stake Reduced by Mirabella Financial Services LLP

Mirabella Financial Services LLP trimmed its holdings in shares of Hubbell Inc (NYSE:HUBB) by 20.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,151 shares of the industrial products company’s stock after selling 3,322 shares during the period. Mirabella Financial Services LLP’s holdings in Hubbell were worth $5,661,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hantz Financial Services Inc. raised its holdings 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 purchasing an additional 41 shares in the last quarter. Mather Group LLC. acquired a new stake in Hubbell in the 3rd quarter valued at about $37,000. Root Financial Partners LLC bought a new position in shares of Hubbell during the 3rd quarter valued at about $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 worth $52,000 after purchasing an additional 89 shares during the last quarter. 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 purchasing an additional 89 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $472.97 on Tuesday. The company has a market cap of $25.14 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. The company’s fifty day moving average is $494.12 and its two-hundred day moving average is $457.77. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Hubbell Inc has a 12-month low of $299.42 and a 12-month 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. 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 analyst estimates of $1.49 billion. During the same period in the previous year, the firm earned $4.10 earnings per share. Hubbell’s quarterly revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s payout ratio is presently 34.07%.

Wall Street Analyst Weigh In

Several analysts recently commented on HUBB shares. Evercore increased their target price on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Barclays upped their price target on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and an average price target of $536.00.

Insider Activity at Hubbell

In other news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $12,590,510.01. Following the transaction, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. This trade represents a 28.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 34,689 shares of company stock valued at $17,407,395. 0.76% of the stock is owned by insiders.

Hubbell 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.