Nero Jonathan Del Sells 547 Shares of Hubbell (NYSE:HUBB) Stock

Hubbell Inc (NYSE:HUBB) VP Nero Jonathan Del sold 547 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hubbell Stock Up 1.1%

Shares of HUBB opened at $512.48 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The company has a 50-day simple moving average of $495.46 and a 200-day simple moving average of $498.69. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. The firm has a market capitalization of $27.07 billion, a P/E ratio of 30.34, a P/E/G ratio of 2.48 and a beta of 0.90.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business earned $4.93 earnings per share. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities research analysts expect that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Institutional Investors Weigh In On Hubbell

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBB. BlackRock Inc. acquired a new position in Hubbell in the second quarter worth $2,455,986,000. Wellington Management Group LLP increased its stake in shares of Hubbell by 140.4% in the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after buying an additional 1,468,701 shares in the last quarter. State Street Corp increased its stake in shares of Hubbell by 1.8% in the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after buying an additional 40,623 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Hubbell in the second quarter valued at $783,142,000. Finally, Geode Capital Management LLC raised its holdings in shares of Hubbell by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after buying an additional 10,898 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on HUBB shares. Stephens upped their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. UBS Group reiterated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Six 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

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.