Bradley Foster & Sargent Inc. CT Raises Stock Position in Hubbell Inc $HUBB

Bradley Foster & Sargent Inc. CT raised its stake in shares of Hubbell Inc (NYSE:HUBB) by 1,103.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,733 shares of the industrial products company’s stock after purchasing an additional 42,849 shares during the period. Bradley Foster & Sargent Inc. CT owned 0.09% of Hubbell worth $20,110,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, CEO Gerben Bakker sold 25,233 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the sale, the vice president directly owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 34,689 shares of company stock valued at $17,407,395. Insiders own 0.76% of the company’s stock.

Hubbell Stock Up 2.0%

NYSE HUBB opened at $527.23 on Wednesday. The business’s fifty day simple moving average is $482.83 and its 200-day simple moving average is $452.39. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm has a market cap of $28.03 billion, a PE ratio of 31.63, a P/E/G ratio of 2.61 and a beta of 1.02. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $533.80.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned $4.10 earnings per share. Hubbell’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. As a group, equities analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

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

Analyst Ratings Changes

HUBB has been the subject of several recent research reports. Evercore increased their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Morgan Stanley set a $515.00 target price on shares of Hubbell in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their target price on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Wells Fargo & Company upped their price objective on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Company 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.