Bourgeon Capital Management LLC Has $17.36 Million Stock Position in Hubbell Inc $HUBB

Bourgeon Capital Management LLC raised its holdings in Hubbell Inc (NYSE:HUBB) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,090 shares of the industrial products company’s stock after buying an additional 6,344 shares during the quarter. Hubbell comprises 2.8% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Bourgeon Capital Management LLC owned approximately 0.07% of Hubbell worth $17,360,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HUBB. Hantz Financial Services Inc. lifted its position in Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 41 shares during the period. Harbor Investment Advisory LLC grew its holdings in Hubbell by 630.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 63 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Hubbell in the third quarter worth about $33,000. Mather Group LLC. bought a new position in shares of Hubbell during the third quarter valued at approximately $37,000. Finally, Grove Bank & Trust increased its stake in shares of Hubbell by 104.9% during the fourth quarter. Grove Bank & Trust now owns 84 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUBB has been the topic of a number of analyst reports. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Evercore boosted their target price on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wells Fargo & Company increased their target price on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Finally, UBS Group restated a “neutral” rating and set a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and a consensus price target of $536.00.

Hubbell Price Performance

NYSE HUBB opened at $490.50 on Wednesday. Hubbell Inc has a one year low of $299.42 and a one year high of $533.80. The stock has a 50-day moving average of $496.08 and a 200 day moving average of $461.60. The company has a market capitalization of $26.08 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.

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 the consensus estimate of $4.70 by $0.03. The business had revenue of $1.49 billion for 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%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, sell-side analysts forecast that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given 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 yield of 1.2%. Hubbell’s dividend payout ratio is 34.07%.

Insider Activity at Hubbell

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the sale, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,689 shares of company stock worth $17,407,395 in the last three months. 0.76% of the stock is currently owned by company insiders.

Hubbell Profile

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.