Aberdeen Group plc Lowers Stock Position in Hubbell Inc $HUBB

Key Points

• Aberdeen Group plc trimmed its stake in Hubbell by 4.2% in Q4 to 151,058 shares (about $67.09M), while institutional investors own 88.16% of the stock and several large funds (Mirae, Troy, Bain, MFS, Qube) recently added sizable positions.
• Analysts hold a consensus "Moderate Buy" rating with an average target of $533.50, and several firms have recently raised price targets (Morgan Stanley to $565, JPMorgan to $532, Mizuho to $575).
• Hubbell beat quarterly expectations with EPS of $4.73 and ~ $1.49B in revenue, set FY2026 guidance of $19.15–$19.85 EPS, has a ~$26.3B market cap and a 1.1% yield, though insiders have sold roughly 34,689 shares (~$17.4M) in the past 90 days.

Aberdeen Group plc reduced its stake in Hubbell Inc (NYSE:HUBB - Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 151,058 shares of the industrial products company's stock after selling 6,639 shares during the quarter. Aberdeen Group plc owned 0.28% of Hubbell worth $67,086,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Hubbell in the third quarter valued at $162,309,000. Troy Asset Management Ltd purchased a new position in Hubbell in the second quarter valued at approximately $132,540,000. Bain Capital Public Equity Management II LLC purchased a new stake in Hubbell during the 2nd quarter worth $132,286,000. Massachusetts Financial Services Co. MA grew its stake in shares of Hubbell by 15.9% in the third 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 buying an additional 226,856 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Hubbell by 355.8% during the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company's stock valued at $95,738,000 after purchasing an additional 173,668 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on HUBB shares. Morgan Stanley lifted their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 11th. Stephens restated an "overweight" rating and set a $550.00 price target on shares of Hubbell in a research report on Thursday, February 5th. Mizuho set a $575.00 target price on shares of Hubbell in a research report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on Hubbell from $478.00 to $532.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 4th. Finally, UBS Group restated a "neutral" rating and issued a $450.00 price target on shares of Hubbell in a research report on Friday, December 12th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $533.50.

Hubbell Price Performance

Shares of HUBB opened at $494.23 on Friday. The company has a 50 day moving average of $496.84 and a 200-day moving average of $462.49. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $533.80. The stock has a market capitalization of $26.27 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.50 and a beta of 1.00.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping analysts' consensus estimates of $4.70 by $0.03. The firm had revenue of $1.49 billion for 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 business's 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. As a group, equities research analysts forecast that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a $1.42 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.1%. Hubbell's dividend payout ratio (DPR) is presently 34.07%.

Insider Buying and Selling

In related news, VP Katherine Anne Lane sold 4,610 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares in the company, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of the transaction, the vice president directly owned 2,769 shares of the company's stock, valued at $1,386,161.40. The trade was a 44.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 over the last 90 days. Company insiders own 0.66% of the company's stock.

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.

Want to see what other hedge funds are holding HUBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hubbell Inc (NYSE:HUBB - Free Report).

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.