Hubbell Inc $HUBB Stock Position Decreased by Cadinha & Co. LLC

Key Points

• Cadinha & Co. LLC cut its stake in Hubbell by 43.0% in Q4, selling 2,240 shares and leaving it with 2,964 shares valued at about $1.316 million.
• Hubbell reported Q results with EPS of $4.73 (a $0.03 beat) and revenue of $1.49 billion, up 11.9% year-over-year, and set FY2026 guidance of 19.150–19.850 EPS (analyst consensus ~19.79).
• Insiders sold 34,689 shares worth $17.4 million in the last 90 days (notably Mark Mikes and VP Katherine Lane), leaving company insiders with just 0.63% ownership while institutional investors hold 88.16%.

Cadinha & Co. LLC lessened its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 43.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,964 shares of the industrial products company's stock after selling 2,240 shares during the period. Cadinha & Co. LLC's holdings in Hubbell were worth $1,316,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in Hubbell by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company's stock valued at $38,611,000 after purchasing an additional 3,542 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Hubbell by 64.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company's stock valued at $1,669,000 after purchasing an additional 1,514 shares during the period. Nordea Investment Management AB boosted its stake in Hubbell by 15.7% during the 3rd quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company's stock valued at $87,333,000 after purchasing an additional 27,576 shares during the period. Perigon Wealth Management LLC boosted its stake in Hubbell by 32.4% during the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company's stock valued at $7,372,000 after purchasing an additional 4,060 shares during the period. Finally, Walter Public Investments Inc. boosted its stake in Hubbell by 33.3% during the 3rd quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company's stock valued at $15,098,000 after purchasing an additional 8,774 shares during the period. Institutional investors own 88.16% of the company's stock.

Insider Buying and Selling at Hubbell

In related news, 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 transaction 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 $1,357,508.16. This represents a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares of the company's stock, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,689 shares of company stock valued at $17,407,395 in the last ninety days. Company insiders own 0.63% of the company's stock.

Hubbell Stock Up 1.6%

HUBB stock opened at $558.50 on Friday. Hubbell Inc has a 12 month low of $341.03 and a 12 month high of $565.50. The firm has a market cap of $29.69 billion, a PE ratio of 33.50, a P/E/G ratio of 2.78 and a beta of 1.00. The firm has a 50 day simple moving average of $506.97 and a 200 day simple moving average of $472.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00.

Hubbell (NYSE:HUBB - Get Free Report) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 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 analyst estimates of $1.49 billion. During the same period in the prior year, the business earned $4.10 earnings per share. The business's quarterly revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities research analysts forecast that Hubbell Inc will post 19.79 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.0%. Hubbell's dividend payout ratio is currently 34.07%.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of analyst reports. Mizuho set a $575.00 target price on shares of Hubbell in a research note on Wednesday, February 4th. Weiss Ratings reissued a "buy (b-)" rating on shares of Hubbell in a research note on Thursday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $478.00 to $532.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Evercore boosted their target price on shares of Hubbell from $575.00 to $585.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley boosted their target price on shares of Hubbell from $515.00 to $565.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 11th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $533.50.

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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