ABN Amro Investment Solutions Reduces Position in Hubbell Inc $HUBB

ABN Amro Investment Solutions trimmed its holdings in Hubbell Inc (NYSE:HUBB) by 10.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,791 shares of the industrial products company’s stock after selling 1,780 shares during the period. ABN Amro Investment Solutions’ holdings in Hubbell were worth $6,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Hubbell by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock valued at $2,714,669,000 after acquiring an additional 21,508 shares in the last quarter. State Street Corp lifted its stake in 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 purchasing an additional 26,708 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hubbell by 15.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after purchasing an additional 226,856 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Hubbell by 0.6% during the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock worth $625,698,000 after purchasing an additional 9,697 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Hubbell by 1.8% in 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 purchasing an additional 24,110 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HUBB. Mizuho set a $575.00 price objective on Hubbell in a research report on Wednesday, February 4th. Stephens reiterated an “overweight” rating and set a $550.00 price target on shares of Hubbell in a report on Thursday, February 5th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Monday. Barclays upped their price objective on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Finally, Morgan Stanley set a $515.00 price objective on shares of Hubbell in a research report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $529.75.

Insider Buying and Selling at Hubbell

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the transaction, the vice president owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the transaction, the vice president owned 14,913 shares of the company’s stock, valued at $7,540,012.80. This trade represents a 23.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,088 shares of company stock valued at $16,045,173 over the last quarter. 0.76% of the stock is owned by company insiders.

Hubbell Trading Up 1.5%

NYSE HUBB opened at $523.64 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The stock has a market capitalization of $27.83 billion, a P/E ratio of 31.41, a PEG ratio of 2.65 and a beta of 1.02. The firm’s 50-day moving average is $471.98 and its two-hundred day moving average is $447.57. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the business earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, sell-side analysts anticipate that Hubbell Inc will post 17.63 earnings per share 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. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. Hubbell’s payout ratio is presently 34.07%.

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.