Boston Common Asset Management LLC Reduces Position in Hubbell Inc $HUBB

Boston Common Asset Management LLC trimmed its stake in Hubbell Inc (NYSE:HUBB) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,853 shares of the industrial products company’s stock after selling 3,990 shares during the quarter. Hubbell makes up 1.1% of Boston Common Asset Management LLC’s portfolio, making the stock its 18th biggest holding. Boston Common Asset Management LLC owned approximately 0.10% of Hubbell worth $22,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Hubbell by 3.6% during the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock valued at $973,337,000 after acquiring an additional 78,539 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in 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. lifted its holdings in 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 in the last quarter. Wellington Management Group LLP lifted its holdings in Hubbell by 18.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock valued at $450,075,000 after purchasing an additional 163,626 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Hubbell by 30.7% during the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after purchasing an additional 172,990 shares during the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Trading Down 2.0%

Shares of HUBB opened at $471.30 on Tuesday. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $533.80. The firm has a market capitalization of $25.05 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 2.43 and a beta of 1.00. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $495.73 and its 200 day simple moving average is $461.23.

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, beating analysts’ consensus estimates of $4.70 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities research analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a dividend of $1.42 per share. The ex-dividend date was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s payout ratio is presently 34.07%.

Insider Buying and Selling at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of the business’s stock in a transaction that occurred on 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 directly owned 64,420 shares in the company, valued at $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president directly owned 14,913 shares of the company’s stock, valued at $7,540,012.80. The trade was a 23.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,689 shares of company stock worth $17,407,395 in the last quarter. Company insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the subject of a number of recent research reports. Stephens reiterated an “overweight” rating and set a $550.00 price target on shares of Hubbell in a report on Thursday, February 5th. UBS Group restated a “neutral” rating and set a $450.00 target price on shares of Hubbell in a research report on Friday, December 12th. Wells Fargo & Company lifted their target price on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. increased their price target on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Barclays raised their price objective on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.