Gotham Asset Management LLC Grows Holdings in Hubbell Inc $HUBB

Key Points

• Gotham Asset Management increased its stake in Hubbell by 10.8% in Q3 to 61,493 shares (about $26.46M), and institutional investors now own roughly 88.16% of the stock.
• Hubbell beat Q results with EPS $4.73 vs. $4.70 and revenue up 11.9% year-over-year, issued FY2026 guidance of 19.150–19.850 EPS, and carries a consensus analyst rating of "Moderate Buy" with an average target of $536.
• Insiders sold 34,689 shares worth about $17.4M last quarter, while the company pays a quarterly dividend of $1.42 ($5.68 annualized, a 1.2% yield).

Gotham Asset Management LLC grew its position in Hubbell Inc (NYSE:HUBB - Free Report) by 10.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,493 shares of the industrial products company's stock after acquiring an additional 6,007 shares during the period. Gotham Asset Management LLC owned about 0.12% of Hubbell worth $26,461,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HUBB. Hantz Financial Services Inc. increased its stake in shares of Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Mather Group LLC. acquired a new position in Hubbell in the 3rd quarter worth about $37,000. Root Financial Partners LLC purchased a new position in Hubbell during the third quarter worth approximately $45,000. SBI Securities Co. Ltd. grew its holdings in Hubbell by 278.1% in the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 89 shares during the period. Finally, Johnson Financial Group Inc. grew its holdings in Hubbell by 185.4% in the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company's stock valued at $56,000 after purchasing an additional 89 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Up 1.2%

HUBB stock opened at $472.97 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average of $494.12 and a two-hundred day moving average of $457.77. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.36 and a beta of 1.00.

Hubbell (NYSE:HUBB - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.03. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, February 27th. Hubbell's dividend payout ratio is presently 34.07%.

Insider Buying and Selling

In other news, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the transaction, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. The trade was a 23.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the business's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the transaction, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 34,689 shares of company stock valued at $17,407,395 in the last quarter. Corporate insiders own 0.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HUBB shares. Morgan Stanley upped their target price on Hubbell from $515.00 to $565.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 11th. UBS Group reissued a "neutral" rating and issued a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. JPMorgan Chase & Co. upped their price objective on shares of Hubbell from $478.00 to $532.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Barclays increased their price objective on shares of Hubbell from $465.00 to $481.00 and gave the company an "equal weight" rating in a report on Wednesday, February 4th. Finally, Mizuho set a $575.00 target price on shares of Hubbell in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $536.00.

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.

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