Aberdeen Group plc Sells 14,876 Shares of Hubbell Inc $HUBB

Aberdeen Group plc lowered its position in Hubbell Inc (NYSE:HUBB) by 8.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 157,697 shares of the industrial products company’s stock after selling 14,876 shares during the period. Aberdeen Group plc owned about 0.30% of Hubbell worth $67,293,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Hantz Financial Services Inc. raised its stake in Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Hubbell by 400.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock worth $35,000 after buying an additional 68 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Hubbell during the 3rd quarter valued at about $37,000. Root Financial Partners LLC bought a new position in shares of Hubbell in the 3rd quarter valued at about $45,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Hubbell by 278.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Stephens restated an “overweight” rating and issued a $550.00 price target on shares of Hubbell in a report on Thursday, February 5th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Barclays boosted their price objective on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $529.75.

Insider Buying and Selling at Hubbell

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the sale, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president directly owned 2,769 shares in the company, valued at $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,088 shares of company stock worth $16,045,173 in the last ninety days. 0.76% of the stock is owned by insiders.

Hubbell Trading Up 1.5%

NYSE HUBB opened at $523.64 on Monday. The company has a fifty day moving average of $471.98 and a 200 day moving average of $447.57. The company has a market capitalization of $27.83 billion, a PE ratio of 31.41, a P/E/G ratio of 2.65 and a beta of 1.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. Hubbell’s payout ratio is 34.07%.

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.