Hubbell Inc $HUBB Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Hubbell Inc (NYSE:HUBB) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,729 shares of the industrial products company’s stock after acquiring an additional 3,542 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.17% of Hubbell worth $38,611,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its stake in Hubbell by 400.0% in the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 68 shares during the last quarter. Mather Group LLC. purchased a new stake in Hubbell in the 3rd quarter valued at about $37,000. Root Financial Partners LLC purchased a new stake in Hubbell in the 3rd quarter valued at about $45,000. Johnson Financial Group Inc. increased its stake in shares of Hubbell by 185.4% during the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 89 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Hubbell during the 2nd quarter worth about $57,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBB has been the subject of a number of recent analyst reports. Mizuho set a $575.00 target price on shares of Hubbell in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. UBS Group restated a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a report on Friday, December 12th. Evercore increased their target price on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen downgraded Hubbell from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and an average target price of $529.75.

Insiders Place Their Bets

In other news, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction on Friday, February 6th. The shares were 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John F. Malloy purchased 435 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of $429.24 per share, with a total value of $186,719.40. Following the completion of the acquisition, the director owned 19,085 shares in the company, valued at approximately $8,192,045.40. This represents a 2.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.76% of the company’s stock.

Hubbell Stock Down 0.8%

Shares of NYSE HUBB opened at $502.26 on Wednesday. The stock has a fifty day moving average price of $467.04 and a 200 day moving average price of $445.79. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $513.59. The company has a market cap of $26.69 billion, a P/E ratio of 30.13, a P/E/G ratio of 2.56 and a beta of 1.02.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping the consensus estimate 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 company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts anticipate that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

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.