20,255 Shares in Hubbell Inc $HUBB Acquired by Barrow Hanley Mewhinney & Strauss LLC

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 20,255 Hubbell shares in the second quarter, valued at approximately $10.6 million. Institutional investors collectively own 88.16% of the company.
• Hubbell exceeded quarterly expectations, reporting $5.52 in EPS and $1.71 billion in revenue, up 15.3% year over year. The company guided to fiscal 2026 EPS of $20.25–$20.55.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $553.89 price target. Hubbell also declared a quarterly dividend of $1.42 per share, representing a 1.2% yield.

Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,255 shares of the industrial products company's stock, valued at approximately $10,597,000.

Several other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its stake in Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company's stock worth $26,000 after buying an additional 33 shares in the last quarter. Raiffeisen Bank International AG increased its position in shares of Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company's stock valued at $29,000 after buying an additional 30 shares during the period. Leonteq Securities AG purchased a new stake in Hubbell in the first quarter worth $33,000. DV Equities LLC bought a new position in shares of Hubbell during the fourth quarter valued at approximately $33,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Hubbell during the third quarter valued at $33,000. Institutional investors own 88.16% of the company's stock.

Insiders Place Their Bets

In related news, VP Nero Jonathan M. Del sold 547 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the transaction, the vice president directly owned 2,933 shares of the company's stock, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HUBB. Wall Street Zen cut shares of Hubbell from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Sanford C. Bernstein restated an "outperform" rating on shares of Hubbell in a research note on Wednesday, July 29th. Stephens lifted their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Barclays increased their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an "equal weight" rating in a report on Monday, May 4th. Finally, Weiss Ratings lowered Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $553.89.

Hubbell Trading Up 0.1%

NYSE HUBB opened at $470.69 on Monday. The company has a fifty day simple moving average of $495.92 and a two-hundred day simple moving average of $498.44. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock has a market cap of $24.87 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.30 and a beta of 0.90.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid 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 of this dividend is Monday, August 31st. Hubbell's dividend payout ratio is presently 33.63%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source