Caprock Group LLC Buys New Shares in Hubbell Inc $HUBB

Caprock Group LLC purchased a new position in Hubbell Inc (NYSE:HUBB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,192 shares of the industrial products company’s stock, valued at approximately $1,382,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in shares of Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Hubbell by 400.0% during the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 68 shares during the period. Mather Group LLC. acquired a new stake in Hubbell during the third quarter worth about $37,000. Root Financial Partners LLC purchased a new position in shares of Hubbell in the 3rd quarter worth about $45,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Hubbell by 278.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Up 1.5%

Shares of NYSE HUBB opened at $523.64 on Friday. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. The company has a market cap of $27.83 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $471.98 and its 200 day simple moving average is $447.50.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities research analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio is 34.07%.

Insider Transactions at Hubbell

In related news, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John F. Malloy purchased 435 shares of the company’s stock in a transaction on Monday, November 17th. The stock was acquired at an average price of $429.24 per share, for a total transaction of $186,719.40. Following the completion of the transaction, the director owned 19,085 shares of the company’s stock, valued at $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 have sold a total of 32,088 shares of company stock valued at $16,045,173 in the last quarter. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group reissued a “neutral” rating and set a $450.00 target price on shares of Hubbell in a research report on Friday, December 12th. JPMorgan Chase & Co. increased their price objective on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company upped their price target on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 price objective on Hubbell 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, February 8th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Company 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.