Diversify Advisory Services LLC Purchases Shares of 12,415 Hubbell Inc $HUBB

Diversify Advisory Services LLC acquired a new position in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, HoldingsChannel reports. The fund acquired 12,415 shares of the industrial products company’s stock, valued at approximately $6,182,000.

A number of other hedge funds have also made changes to their positions in HUBB. Wealthfront Advisers LLC purchased a new stake in Hubbell during the 2nd quarter worth $5,640,000. Cypress Asset Management Inc. TX increased its holdings in Hubbell by 6.7% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 2,821 shares of the industrial products company’s stock valued at $1,476,000 after purchasing an additional 176 shares in the last quarter. JLB & Associates Inc. purchased a new position in Hubbell in the second quarter valued at about $5,159,000. Meeder Advisory Services Inc. purchased a new position in Hubbell in the second quarter valued at about $841,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Hubbell during the second quarter worth about $863,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Insider Activity at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the sale, the vice president owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.

Hubbell Stock Down 3.9%

Shares of NYSE HUBB opened at $484.45 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The stock’s 50-day simple moving average is $495.82 and its 200-day simple moving average is $498.90. The firm has a market cap of $25.59 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.51 and a beta of 0.90.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating 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 firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the business posted $4.93 earnings per share. Hubbell’s revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities analysts anticipate that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced 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. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HUBB. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Barclays upped their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wells Fargo & Company lifted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Stephens boosted their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

About Hubbell

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.