Hubbell Inc $HUBB Stake Increased by Advisory Research Inc.

Advisory Research Inc. increased its holdings in Hubbell Inc (NYSE:HUBB) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,909 shares of the industrial products company’s stock after acquiring an additional 2,988 shares during the period. Hubbell comprises about 1.3% of Advisory Research Inc.’s holdings, making the stock its 25th largest holding. Advisory Research Inc.’s holdings in Hubbell were worth $9,858,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Boston Partners purchased a new position in shares of Hubbell during the 2nd quarter valued at $230,691,000. Troy Asset Management Ltd bought a new stake in Hubbell in the second quarter worth $132,540,000. Bain Capital Public Equity Management II LLC acquired a new position in Hubbell during the second quarter worth $132,286,000. Massachusetts Financial Services Co. MA raised its holdings in Hubbell by 15.9% during 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 buying an additional 226,856 shares in the last quarter. Finally, Merewether Investment Management LP bought a new position in Hubbell during the second quarter valued at about $68,164,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

HUBB has been the subject of several recent analyst reports. Morgan Stanley upped their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” 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. Evercore upped their target price on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $536.00.

Hubbell Stock Down 2.0%

NYSE HUBB opened at $468.34 on Friday. The stock’s 50 day simple moving average is $493.88 and its 200 day simple moving average is $457.20. The firm has a market cap of $24.90 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. Hubbell Inc has a one year low of $299.42 and a one year high of $533.80.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping 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 firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $4.10 EPS. The company’s revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, sell-side analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

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 paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio is 34.07%.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Eugene Mikes sold 2,601 shares of Hubbell 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 sale, the insider directly owned 2,592 shares of the company’s stock, valued at $1,357,508.16. This represents a 50.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,689 shares of company stock worth $17,407,395 in the last ninety days. 0.66% of the stock is currently owned by insiders.

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.