Dimensional Fund Advisors LP Has $205.06 Million Holdings in Hubbell Inc $HUBB

Dimensional Fund Advisors LP increased its stake in shares of Hubbell Inc (NYSE:HUBB) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476,560 shares of the industrial products company’s stock after buying an additional 40,962 shares during the quarter. Dimensional Fund Advisors LP owned 0.90% of Hubbell worth $205,055,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HUBB. Jones Financial Companies Lllp lifted its holdings in shares of Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 1,518 shares during the period. Empowered Funds LLC boosted its stake in shares of Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 196 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Hubbell during the 1st quarter worth about $599,000. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Hubbell by 9.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 18,414 shares of the industrial products company’s stock worth $7,515,000 after purchasing an additional 1,633 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HUBB. Barclays boosted their price target 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. Mizuho set a $575.00 price objective on shares of Hubbell in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price 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. Wells Fargo & Company boosted their target price on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a report on Saturday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Hubbell has an average rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Stock Down 0.9%

Shares of HUBB opened at $472.11 on Monday. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The business’s fifty day moving average price is $491.37 and its two-hundred day moving average price is $456.28. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $533.80.

Hubbell (NYSE:HUBB) last released its 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 company 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 firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, analysts predict that Hubbell Inc will post 17.63 earnings per share for the current 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 paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s payout ratio is 34.07%.

Insider Buying and Selling at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the sale, the insider owned 2,592 shares of the company’s stock, valued at $1,357,508.16. The trade was a 50.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 34,689 shares of company stock valued at $17,407,395. 0.76% of the stock is currently owned by corporate insiders.

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.