Arjuna Capital Acquires New Holdings in Hubbell Inc $HUBB

Arjuna Capital acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,517 shares of the industrial products company’s stock, valued at approximately $2,006,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp increased its position in Hubbell by 3.6% in the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock worth $973,337,000 after buying an additional 78,539 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Hubbell by 15.9% during 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 period. Wellington Management Group LLP grew its stake in shares of Hubbell by 18.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock valued at $450,075,000 after acquiring an additional 163,626 shares during the period. Boston Partners grew its stake in shares of Hubbell by 30.7% during the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after acquiring an additional 172,990 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Hubbell by 1.1% during the 3rd quarter. Northern Trust Corp now owns 530,272 shares of the industrial products company’s stock valued at $228,181,000 after acquiring an additional 5,806 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider directly owned 2,592 shares in the company, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HUBB. Evercore increased their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Stephens increased their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Barclays increased their price objective on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Morgan Stanley increased their price objective on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Price Performance

Shares of Hubbell stock opened at $480.71 on Friday. The stock has a market cap of $25.55 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 2.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The stock has a 50 day moving average price of $504.55 and a 200-day moving average price of $481.13. Hubbell Inc has a one year low of $374.68 and a one year high of $565.50.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.Hubbell’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts expect that Hubbell Inc will post 19.83 EPS for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s payout ratio is 33.55%.

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.