42,883 Shares in Hubbell Inc $HUBB Purchased by Danske Bank A S

Key Points

• Danske Bank acquired 42,883 Hubbell shares in the second quarter, valued at approximately $22.4 million. Institutional investors and hedge funds collectively own 88.16% of the company.
• Analysts maintain a generally positive outlook, with six Buy ratings and four Holds. Hubbell has a consensus rating of “Moderate Buy” and an average price target of $553.89.
• Hubbell recently exceeded quarterly earnings and revenue expectations, reporting $5.52 in EPS and $1.71 billion in revenue. The company also announced a quarterly dividend of $1.42 per share, representing a 1.2% annual yield.

Danske Bank A S bought a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,883 shares of the industrial products company's stock, valued at approximately $22,436,000. Danske Bank A S owned 0.08% of Hubbell at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HUBB. Pinnacle Bancorp Inc. lifted its position in shares of Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company's stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Raiffeisen Bank International AG boosted its stake in shares of Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 30 shares during the period. Leonteq Securities AG acquired a new position in shares of Hubbell in the first quarter valued at approximately $33,000. DV Equities LLC purchased a new stake in Hubbell during the 4th quarter worth approximately $33,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Hubbell during the 3rd quarter worth approximately $33,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on HUBB shares. UBS Group reissued a "neutral" rating and issued a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Hubbell in a research report on Wednesday, July 29th. Weiss Ratings cut Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 14th. Stephens lifted their target price on Hubbell from $550.00 to $600.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Finally, Robert W. Baird set a $550.00 target price on Hubbell in a report on Thursday. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Hubbell presently has a consensus rating of "Moderate Buy" and a consensus target price of $553.89.

Hubbell Stock Down 1.1%

Hubbell stock opened at $470.45 on Friday. The stock has a market cap of $24.85 billion, a PE ratio of 27.85, a P/E/G ratio of 2.33 and a beta of 0.90. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The stock's fifty day moving average is $496.03 and its two-hundred day moving average is $498.62. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50.

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

Hubbell Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Nero Jonathan M. Del sold 547 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the transaction, the vice president directly owned 2,933 shares of the company's stock, valued at $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.63% of the stock is currently owned by insiders.

Hubbell Company 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.

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