Andra AP fonden Sells 1,700 Shares of Hubbell Inc $HUBB

Andra AP fonden cut its stake in shares of Hubbell Inc (NYSE:HUBB) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,000 shares of the industrial products company’s stock after selling 1,700 shares during the quarter. Andra AP fonden’s holdings in Hubbell were worth $7,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hantz Financial Services Inc. raised its position in shares of Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 41 shares during the last quarter. Mather Group LLC. acquired a new stake in Hubbell during the 3rd quarter valued at approximately $37,000. Root Financial Partners LLC bought a new position in Hubbell during the 3rd quarter worth approximately $45,000. SBI Securities Co. Ltd. raised its holdings in Hubbell by 278.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 89 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its position in shares of Hubbell by 185.4% in the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insider Buying and Selling

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the transaction, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 over the last 90 days. Company insiders own 0.66% of the company’s stock.

Hubbell Price Performance

Shares of HUBB opened at $511.22 on Friday. The business’s fifty day moving average is $487.96 and its 200 day moving average is $454.21. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. 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 stock has a market cap of $27.18 billion, a P/E ratio of 30.67, a P/E/G ratio of 2.59 and a beta of 1.02.

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

Hubbell Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HUBB shares. Barclays increased their price objective on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Evercore increased their price target on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 price objective on Hubbell in a research report on Wednesday, February 4th. Wells Fargo & Company upped their target price on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Five investment 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 has an average rating of “Moderate Buy” and a consensus target price of $529.75.

Hubbell 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.