Lansforsakringar Fondforvaltning AB publ Has $20.21 Million Stock Position in Hubbell Inc $HUBB

Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Hubbell Inc (NYSE:HUBB) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,970 shares of the industrial products company’s stock after purchasing an additional 2,126 shares during the period. Lansforsakringar Fondforvaltning AB publ owned about 0.09% of Hubbell worth $20,212,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Hubbell by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock worth $2,714,669,000 after buying an additional 21,508 shares during the last quarter. State Street Corp raised its stake in Hubbell by 1.2% during the second quarter. State Street Corp now owns 2,183,405 shares of the industrial products company’s stock worth $891,724,000 after acquiring an additional 26,708 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Hubbell by 15.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after acquiring an additional 226,856 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Hubbell by 0.6% in the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after purchasing an additional 9,697 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Hubbell by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,353,824 shares of the industrial products company’s stock valued at $550,571,000 after purchasing an additional 24,110 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of HUBB stock opened at $526.91 on Monday. Hubbell Inc has a one year low of $299.42 and a one year high of $533.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The business’s 50 day simple moving average is $479.64 and its 200 day simple moving average is $450.93. The stock has a market capitalization of $28.01 billion, a PE ratio of 31.61, a PEG ratio of 2.66 and a beta of 1.02.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, 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. Stockholders of record on Friday, February 27th will be paid a $1.42 dividend. The ex-dividend date 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%.

Insider Transactions at Hubbell

In other news, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the transaction, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 34,689 shares of company stock worth $17,407,395. Insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of research analyst reports. UBS Group restated a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a research report on Friday, December 12th. Wells Fargo & Company increased their price target on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Barclays raised their price objective on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Evercore upped their target price on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and a consensus target price of $529.75.

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.