Impax Asset Management Group plc Sells 116,637 Shares of Hubbell Inc $HUBB

Key Points

• Impax Asset Management Group plc reduced its Hubbell stake by 12.4%, selling 116,637 shares in Q4 and now holds 820,499 shares, making Hubbell roughly 2.3% of Impax’s portfolio (valued at about $364.4M at quarter-end).
• Hubbell posted a slight EPS beat for the quarter ($4.73 vs. $4.70) and issued FY2026 guidance of 19.15–19.85 EPS; analysts’ consensus is ~19.79 EPS with an average rating of "Moderate Buy" and an average target of $533.50.
• Insiders have been net sellers recently (CEO sold 25,233 shares; insiders sold 34,689 shares worth ~$17.4M over 90 days), while institutional ownership remains high at about 88% and the stock yields ~1.0% annually ($5.68).

Impax Asset Management Group plc cut its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 820,499 shares of the industrial products company's stock after selling 116,637 shares during the period. Hubbell comprises approximately 2.3% of Impax Asset Management Group plc's portfolio, making the stock its 5th largest position. Impax Asset Management Group plc owned 1.54% of Hubbell worth $364,392,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Resonant Capital Advisors LLC boosted its position in Hubbell by 6.9% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,013 shares of the industrial products company's stock worth $450,000 after buying an additional 65 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in Hubbell during the 4th quarter worth approximately $1,508,000. Cypress Asset Management Inc. TX boosted its position in Hubbell by 8.8% during the 4th quarter. Cypress Asset Management Inc. TX now owns 2,560 shares of the industrial products company's stock worth $1,137,000 after buying an additional 207 shares during the period. NBC Securities Inc. boosted its position in Hubbell by 1,379.9% during the 4th quarter. NBC Securities Inc. now owns 3,019 shares of the industrial products company's stock worth $1,341,000 after buying an additional 2,815 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in Hubbell by 16.6% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,779 shares of the industrial products company's stock worth $3,899,000 after buying an additional 1,249 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on HUBB. Stephens reiterated an "overweight" rating and set a $550.00 target price on shares of Hubbell in a research report on Thursday, February 5th. Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday, April 18th. JPMorgan Chase & Co. lifted their target price 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. Morgan Stanley raised their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 11th. Finally, Wells Fargo & Company lowered their price target on shares of Hubbell from $550.00 to $530.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $533.50.

Hubbell Stock Performance

NYSE:HUBB opened at $554.16 on Friday. The company has a fifty day moving average of $507.58 and a 200-day moving average of $473.48. The firm has a market capitalization of $29.46 billion, a P/E ratio of 33.24, a P/E/G ratio of 2.82 and a beta of 1.00. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Hubbell Inc has a twelve month low of $341.03 and a twelve month high of $565.50.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.03. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. Hubbell's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, sell-side analysts anticipate that Hubbell Inc will post 19.79 EPS for the current year.

Hubbell Dividend Announcement

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

Insider Buying and Selling at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of the business's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the completion of the sale, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. The trade was a 28.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the business's stock in a transaction 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 owned 14,913 shares of the company's stock, valued at $7,540,012.80. This trade represents a 23.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 34,689 shares of company stock worth $17,407,395. Company insiders own 0.63% of the company's stock.

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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