BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 57,291 Shares of Hubbell Inc $HUBB

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Hubbell Inc (NYSE:HUBB) by 86.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,417 shares of the industrial products company’s stock after buying an additional 57,291 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.23% of Hubbell worth $53,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners purchased a new stake in Hubbell during the second quarter valued at $230,691,000. Troy Asset Management Ltd bought a new stake in shares of Hubbell during the 2nd quarter valued at about $132,540,000. Bain Capital Public Equity Management II LLC purchased a new stake in shares of Hubbell during the 2nd quarter valued at about $132,286,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Hubbell by 15.9% in 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 period. Finally, Merewether Investment Management LP purchased a new position in shares of Hubbell in the second quarter worth approximately $68,164,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Monday. Stephens reissued an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. JPMorgan Chase & Co. raised their price target on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Evercore boosted their target price on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Mizuho set a $575.00 price target on Hubbell in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Stock Performance

Shares of Hubbell stock opened at $526.20 on Friday. The company has a market capitalization of $27.97 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.64 and a beta of 1.02. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $533.80. The stock’s fifty day moving average is $478.06 and its two-hundred day moving average is $449.90. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $4.10 EPS. The firm’s quarterly 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, analysts expect that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

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

Insider Transactions at Hubbell

In related news, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the sale, the vice president directly owned 14,913 shares in the company, valued at $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at approximately $32,143,647.40. This trade represents a 28.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 34,689 shares of company stock worth $17,407,395. Corporate insiders own 0.66% of the company’s stock.

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.