Hubbell Inc $HUBB Position Increased by Salem Investment Counselors Inc.

Key Points

• Salem Investment Counselors boosted its stake in Hubbell by 82.5% in Q4 to 16,690 shares, worth about $7.41 million.
• Insiders sold a combined 34,689 shares (~$17.4 million) last quarter, including CEO Gerben Bakker’s sale of 25,233 shares and VP Nero Jonathan M. Del’s sale of 2,245 shares.
• Hubbell beat quarterly EPS estimates ($4.73 vs. $4.70) with revenue up 11.9% YoY, set FY 2026 EPS guidance of 19.150–19.850, paid a $1.42 quarterly dividend (1.2% yield), and carries an average analyst target of $536.

Salem Investment Counselors Inc. boosted its stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 82.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,690 shares of the industrial products company's stock after purchasing an additional 7,546 shares during the quarter. Salem Investment Counselors Inc.'s holdings in Hubbell were worth $7,412,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HUBB. Hantz Financial Services Inc. grew its position in shares of Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company's stock worth $30,000 after acquiring an additional 41 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 63 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Hubbell in the 3rd quarter valued at about $33,000. Mather Group LLC. acquired a new position in Hubbell during the 3rd quarter valued at about $37,000. Finally, Grove Bank & Trust boosted its stake in Hubbell by 104.9% during the 4th quarter. Grove Bank & Trust now owns 84 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 43 shares during the period. 88.16% of the stock is currently owned by institutional investors.

Insider Transactions at Hubbell

In other news, VP Nero Jonathan M. Del sold 2,245 shares of the business'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 sale, the vice president owned 2,769 shares of the company's stock, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerben Bakker sold 25,233 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the sale, the chief executive officer owned 64,420 shares of the company's stock, valued at approximately $32,143,647.40. This trade represents a 28.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock valued at $17,407,395 in the last quarter. Company insiders own 0.76% of the company's stock.

Hubbell Trading Up 3.0%

Shares of NYSE:HUBB opened at $490.23 on Tuesday. The company has a 50 day moving average of $495.31 and a 200-day moving average of $459.54. The firm has a market cap of $26.06 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.41 and a beta of 1.00. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $533.80. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

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

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $1.42 per share. The ex-dividend date was Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell's dividend payout ratio (DPR) is 34.07%.

Analyst Ratings Changes

HUBB has been the topic of several analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of Hubbell in a research note on Thursday, January 22nd. Stephens reiterated an "overweight" rating and set a $550.00 price objective on shares of Hubbell in a research report on Thursday, February 5th. Evercore raised their target price on Hubbell from $575.00 to $585.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Barclays lifted their target price on Hubbell from $465.00 to $481.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their price target on Hubbell from $478.00 to $532.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $536.00.

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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