Elevation Point Wealth Partners LLC Takes $1.09 Million Position in Hubbell Inc $HUBB

Elevation Point Wealth Partners LLC purchased a new position in Hubbell Inc (NYSE:HUBB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,089 shares of the industrial products company’s stock, valued at approximately $1,093,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp boosted its position in Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,518 shares during the last quarter. Empowered Funds LLC grew its stake in Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 196 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Hubbell in the 1st quarter worth about $599,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 111 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Stock Down 0.7%

HUBB opened at $466.72 on Tuesday. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 2.30 and a beta of 0.90. The business has a 50 day moving average of $495.45 and a 200-day moving average of $498.18.

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

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is currently 33.63%.

Insider Buying and Selling at Hubbell

In related news, VP Nero Jonathan M. Del sold 547 shares of Hubbell 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 sale, the vice president directly owned 2,933 shares of the company’s stock, valued at $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 is available through this hyperlink. Insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HUBB shares. Stephens lifted their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group restated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $553.89.

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.