Hubbell Inc $HUBB Shares Sold by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors reduced its stake in Hubbell by 36.0% in Q3, selling 25,750 shares and leaving it with 45,775 shares worth about $19.7 million; institutional investors now own roughly 88.16% of the company.
• Insiders sold a total of 34,689 shares valued at approximately $17.4 million in the last quarter, including VP Nero Jonathan M. Del and Mark Eugene Mikes, each cutting their holdings by roughly 45–50%.
• Research firms show a consensus rating of Moderate Buy with a consensus target price of $529.75, and several brokers recently raised targets (e.g., Mizuho $575, JPMorgan $532).

Ceredex Value Advisors LLC reduced its position in Hubbell Inc (NYSE:HUBB - Free Report) by 36.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,775 shares of the industrial products company's stock after selling 25,750 shares during the period. Ceredex Value Advisors LLC owned about 0.09% of Hubbell worth $19,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in shares of Hubbell by 141.4% in 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 period. Mather Group LLC. purchased a new position in shares of Hubbell in the 3rd quarter valued at about $37,000. Root Financial Partners LLC acquired a new position in Hubbell in the 3rd quarter worth about $45,000. SBI Securities Co. Ltd. boosted its position in Hubbell by 278.1% during the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company's stock worth $52,000 after purchasing an additional 89 shares in the last quarter. 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. Institutional investors and hedge funds own 88.16% of the company's stock.

Insider Buying and Selling

In other news, VP Nero Jonathan M. Del sold 2,245 shares of the company's stock in a transaction that occurred 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 sale, the vice president directly owned 2,769 shares in the company, valued at $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider directly owned 2,592 shares of the company's stock, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 34,689 shares of company stock valued at $17,407,395. 0.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HUBB. Mizuho set a $575.00 target price on Hubbell in a research note on Wednesday, February 4th. Barclays upped their price objective on shares of Hubbell from $465.00 to $481.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on shares of Hubbell from $478.00 to $532.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Hubbell in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $529.75.

Hubbell Trading Up 3.4%

Shares of HUBB stock opened at $487.69 on Tuesday. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The stock's fifty day moving average is $492.09 and its two-hundred day moving average is $456.70. The firm has a market capitalization of $25.93 billion, a P/E ratio of 29.26, a PEG ratio of 2.38 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 EPS for the quarter, beating analysts' consensus estimates of $4.70 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell's dividend payout ratio (DPR) is 34.07%.

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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