Hubbell (NYSE:HUBB) Insider Sells $1,362,221.73 in Stock

Hubbell Inc (NYSE:HUBB) insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the transaction, the insider owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Hubbell Price Performance

NYSE HUBB opened at $526.91 on Friday. The company has a market capitalization of $28.01 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.66 and a beta of 1.02. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. The firm’s 50 day moving average is $479.64 and its 200-day moving average is $450.74. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last issued its quarterly 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. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business earned $4.10 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities research analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on HUBB shares. JPMorgan Chase & Co. increased their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Mizuho set a $575.00 target price on shares of Hubbell in a report on Wednesday, February 4th. Stephens reiterated an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research note on Thursday, February 5th. UBS Group reissued a “neutral” rating and set a $450.00 price target on shares of Hubbell in a research report on Friday, December 12th. Finally, Wells Fargo & Company raised their price objective on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $529.75.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Hubbell by 0.3% during the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock worth $2,714,669,000 after acquiring an additional 21,508 shares during the period. Wellington Management Group LLP lifted its holdings in Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares during the last quarter. State Street Corp boosted its stake in Hubbell by 1.8% in the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after purchasing an additional 40,623 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Hubbell by 15.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after buying an additional 226,856 shares in the last quarter. Finally, Invesco Ltd. increased its position in Hubbell by 0.6% during the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock worth $625,698,000 after buying an additional 9,697 shares during the period. 88.16% of the stock is owned by institutional investors.

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.