Arrow Capital Pty Ltd Acquires New Stake in Hubbell Inc $HUBB

Arrow Capital Pty Ltd purchased a new position in Hubbell Inc (NYSE:HUBB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the industrial products company’s stock, valued at approximately $4,303,000. Hubbell makes up 0.1% of Arrow Capital Pty Ltd’s investment portfolio, making the stock its 16th largest holding.

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

Hubbell Trading Down 0.2%

NYSE:HUBB opened at $467.52 on Friday. The firm has a market cap of $24.85 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.36 and a beta of 1.00. The firm has a 50-day simple moving average of $493.98 and a 200-day simple moving average of $457.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. 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. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. Hubbell’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities analysts anticipate that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed 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 is Friday, February 27th. Hubbell’s dividend payout ratio is 34.07%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HUBB. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. UBS Group reiterated a “neutral” rating and set a $450.00 price target on shares of Hubbell in a research note on Friday, December 12th. Barclays boosted their price objective 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. Wells Fargo & Company raised 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, Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $536.00.

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the transaction, the vice president 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,689 shares of company stock worth $17,407,395 in the last three months. 0.66% of the stock is owned by company 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.