Hubbell Inc $HUBB Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lowered its position in shares of Hubbell Inc (NYSE:HUBB) by 6.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 218,711 shares of the industrial products company’s stock after selling 16,219 shares during the period. Artisan Partners Limited Partnership owned approximately 0.41% of Hubbell worth $94,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HUBB. Townsquare Capital LLC increased its stake in Hubbell by 0.8% during the 3rd quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after buying an additional 22 shares during the period. Unique Wealth LLC increased its position in shares of Hubbell by 2.6% during the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 23 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 24 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Hubbell by 5.5% in the third quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 25 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Hubbell by 5.7% in the third quarter. Versant Capital Management Inc now owns 485 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 26 shares during the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HUBB shares. JPMorgan Chase & Co. lifted their price objective on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Stephens restated an “overweight” rating and issued a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Barclays upped their price target 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Monday, February 16th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Stock Down 2.5%

HUBB stock opened at $511.22 on Friday. The firm has a market cap of $27.18 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 2.65 and a beta of 1.02. Hubbell Inc has a 1-year low of $299.42 and a 1-year high of $533.80. The firm has a fifty day moving average price of $487.96 and a two-hundred day moving average price of $454.06. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm posted $4.10 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is 34.07%.

Insider Buying and Selling

In other news, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction that occurred on 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 sale, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 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 represents a 23.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock valued at $17,407,395 over the last quarter. Company 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.