Barrow Hanley Mewhinney & Strauss LLC Has $8.73 Million Stock Position in Hubbell Inc $HUBB

Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Hubbell Inc (NYSE:HUBB) by 59,594.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,296 shares of the industrial products company’s stock after acquiring an additional 20,262 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Hubbell were worth $8,734,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Townsquare Capital LLC grew its position in Hubbell by 0.8% in the 3rd quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after purchasing an additional 22 shares during the last quarter. Unique Wealth LLC increased its holdings in shares of Hubbell by 2.6% during the 3rd quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 23 shares during the period. Benjamin Edwards Inc. raised its position in shares of Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after buying an additional 24 shares during 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 valued at $207,000 after buying an additional 25 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of 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 buying an additional 26 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were 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 owned 64,420 shares of the company’s stock, valued at $32,143,647.40. The trade was a 28.15% 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 worth $17,407,395 over the last ninety days. Company insiders own 0.66% of the company’s stock.

Hubbell Price Performance

NYSE:HUBB opened at $477.96 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm has a market cap of $25.41 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.42 and a beta of 1.00. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The company’s 50-day moving average price is $493.40 and its two-hundred day moving average price is $457.12.

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 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%. Hubbell’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities analysts anticipate that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm 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. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio is presently 34.07%.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several research reports. Stephens restated an “overweight” rating and set a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. UBS Group reissued a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a report on Friday, December 12th. Morgan Stanley boosted their price objective on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $536.00.

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.