2,194 Shares in Hubbell Inc $HUBB Acquired by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,194 shares of the industrial products company's stock, valued at approximately $1,148,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Hubbell in the second quarter worth $2,455,986,000. Bank of New York Mellon Corp acquired a new position in shares of Hubbell during the second quarter valued at $783,142,000. Wellington Management Group LLP boosted its holdings in shares of Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company's stock valued at $1,116,773,000 after acquiring an additional 1,468,701 shares during the period. Deutsche Bank AG bought a new position in shares of Hubbell during the second quarter worth about $610,053,000. Finally, Boston Partners grew its position in shares of Hubbell by 37.8% during the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company's stock worth $452,675,000 after acquiring an additional 278,649 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Insider Activity at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the sale, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.63% of the company's stock.

Hubbell Trading Down 0.7%

NYSE:HUBB opened at $466.72 on Tuesday. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The business has a fifty day moving average of $495.45 and a 200-day moving average of $498.18.

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

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell's dividend payout ratio (DPR) is presently 33.63%.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Wall Street Zen lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Stephens upped their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an "overweight" rating in a research report on Monday, May 4th. Barclays raised their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. Finally, UBS Group reaffirmed a "neutral" rating and set a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Hubbell has a consensus rating of "Moderate Buy" and a consensus price target of $553.89.

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