2,823 Shares in Hubbell Inc $HUBB Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new position in shares of Hubbell Inc (NYSE:HUBB) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,823 shares of the industrial products company’s stock, valued at approximately $1,477,000.

A number of other institutional investors have also added to or reduced their stakes in HUBB. Pinnacle Bancorp Inc. lifted its position in shares of Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares during the period. Raiffeisen Bank International AG increased its holdings in Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares during the period. Leonteq Securities AG bought a new position in Hubbell in the first quarter worth approximately $33,000. DV Equities LLC bought a new position in Hubbell in the fourth quarter worth approximately $33,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Hubbell during the third quarter worth $33,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of NYSE HUBB opened at $473.15 on Thursday. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a market cap of $25.00 billion, a PE ratio of 28.01, a P/E/G ratio of 2.27 and a beta of 0.90. 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 business has a 50-day simple moving average of $493.96 and a two-hundred day simple moving average of $497.92.

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

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. 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 (DPR) is currently 33.63%.

Insider Activity at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction 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 directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HUBB. Barclays increased their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Stephens upped their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Robert W. Baird started coverage on shares of Hubbell in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and an average price target of $553.89.

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.