Formuepleje A S Cuts Stock Holdings in Hubbell Inc $HUBB

Key Points

• Formuepleje A S cut its Hubbell stake by 65.1% in the second quarter, selling 13,504 shares and retaining 7,225 shares valued at approximately $3.78 million. Institutional investors collectively own 88.16% of Hubbell.
• Hubbell exceeded quarterly expectations, reporting $5.52 in adjusted EPS and $1.71 billion in revenue, with revenue up 15.3% year over year. The company maintained 2026 EPS guidance of $20.25–$20.55.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $555, compared with the stock’s recent opening price of $460.95. Hubbell also declared a $1.42 quarterly dividend, equal to a 1.2% yield.

Formuepleje A S lowered its position in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 65.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,225 shares of the industrial products company's stock after selling 13,504 shares during the quarter. Formuepleje A S's holdings in Hubbell were worth $3,780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. raised its stake in Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Schuylkill Financial LLC acquired a new stake in Hubbell during the 2nd quarter worth $30,000. Raiffeisen Bank International AG boosted its stake in Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company's stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Keating Financial Advisory Services Inc. purchased a new stake in shares of Hubbell during the second quarter worth $35,000. Finally, Leonteq Securities AG purchased a new stake in shares of Hubbell during the first quarter worth $33,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Insider Activity at Hubbell

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

Hubbell Stock Performance

Hubbell stock opened at $460.95 on Monday. The firm has a 50 day simple moving average of $484.58 and a 200-day simple moving average of $495.16. The stock has a market cap of $24.35 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 2.25 and a beta of 0.89. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. 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 results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company earned $4.93 EPS. The business's revenue for the quarter 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, analysts expect that Hubbell Inc will post 20.43 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. 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 33.63%.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several research reports. Sanford C. Bernstein reissued an "outperform" rating on shares of Hubbell in a research note on Wednesday, July 29th. Morgan Stanley boosted their target price on Hubbell from $565.00 to $575.00 and gave the stock an "equal weight" rating in a report on Wednesday. Wall Street Zen lowered Hubbell from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Robert W. Baird assumed coverage on Hubbell in a report on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price target for the company. Finally, Weiss Ratings downgraded 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 issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Hubbell currently has a consensus rating of "Moderate Buy" and an average price target of $555.00.

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.

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