Bahl & Gaynor Inc. Increases Stock Holdings in Hubbell Inc $HUBB

Bahl & Gaynor Inc. lifted its stake in shares of Hubbell Inc (NYSE:HUBB) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,398 shares of the industrial products company’s stock after buying an additional 5,111 shares during the quarter. Bahl & Gaynor Inc. owned about 0.51% of Hubbell worth $115,494,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HUBB. Vanguard Group Inc. lifted its position in Hubbell by 0.3% in the second 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 during the last quarter. State Street Corp lifted its holdings in shares of Hubbell by 1.2% in the 2nd quarter. State Street Corp now owns 2,183,405 shares of the industrial products company’s stock valued at $891,724,000 after purchasing an additional 26,708 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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 valued at $712,484,000 after purchasing an additional 226,856 shares during the last quarter. Invesco Ltd. boosted its position in shares of Hubbell by 0.6% in the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after purchasing an additional 9,697 shares during the period. Finally, Geode Capital Management LLC grew its stake in Hubbell by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,353,824 shares of the industrial products company’s stock worth $550,571,000 after buying an additional 24,110 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Down 2.5%

Shares of Hubbell stock opened at $511.22 on Monday. The firm has a market cap of $27.18 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.00. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $533.80. The company’s 50-day simple moving average is $487.96 and its 200-day simple moving average is $454.28. 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 announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating 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 firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm earned $4.10 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities research analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently disclosed 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 is Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.1%. Hubbell’s dividend payout ratio is presently 34.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HUBB shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Monday, February 16th. Stephens reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. Finally, Evercore increased their target price on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $529.75.

Insiders Place Their Bets

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the transaction, the insider directly owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,689 shares of company stock worth $17,407,395 in the last ninety days. 0.76% of the stock is owned by insiders.

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.