Interval Partners LP Buys 48,389 Shares of Hubbell Inc $HUBB

Key Points

• Interval Partners LP boosted its stake in Hubbell by 74.6%, buying 48,389 shares in Q3 to hold 113,291 shares worth about $48.8 million (roughly 0.21% of Hubbell and 0.8% of Interval's portfolio).
• Insider selling has been notable: CEO Gerben Bakker sold 25,233 shares for ~$12.59 million (a 28.15% reduction in his position), the VP sold 2,245 shares, and insiders disposed of 34,689 shares worth $17.41 million in the past 90 days; insiders now own 0.66% of the stock.
• Analysts and results: Hubbell slightly beat Q EPS expectations ($4.73 vs. $4.70) and set FY2026 guidance of $19.15–$19.85, while analysts are broadly positive — the consensus is a "Moderate Buy" with an average target of $536 and several firms raising targets.

Interval Partners LP lifted its stake in Hubbell Inc (NYSE:HUBB - Free Report) by 74.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 113,291 shares of the industrial products company's stock after purchasing an additional 48,389 shares during the quarter. Hubbell comprises 0.8% of Interval Partners LP's portfolio, making the stock its 27th biggest holding. Interval Partners LP owned about 0.21% of Hubbell worth $48,750,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Hubbell by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company's stock worth $2,714,669,000 after buying an additional 21,508 shares during the last quarter. State Street Corp increased its position in Hubbell by 1.2% during the second quarter. State Street Corp now owns 2,183,405 shares of the industrial products company's stock valued at $891,724,000 after acquiring an additional 26,708 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Hubbell by 15.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company's stock valued at $712,484,000 after acquiring an additional 226,856 shares during the last quarter. Invesco Ltd. raised its stake in shares of Hubbell by 0.6% in the second quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company's stock valued at $625,698,000 after acquiring an additional 9,697 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Hubbell by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,353,824 shares of the industrial products company's stock valued at $550,571,000 after acquiring an additional 24,110 shares during the period. Hedge funds and other institutional investors own 88.16% of the company's stock.

Insider Transactions at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of the firm's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at $32,143,647.40. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction on Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the sale, the vice president directly owned 2,769 shares of the company's stock, valued at approximately $1,386,161.40. This trade represents a 44.77% 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 worth $17,407,395 in the last ninety days. 0.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on HUBB shares. Stephens reaffirmed an "overweight" rating and set a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Hubbell in a research report on Thursday, January 22nd. Wells Fargo & Company boosted their target price on Hubbell from $515.00 to $550.00 and gave the company an "overweight" rating in a research report on Wednesday, February 4th. UBS Group reaffirmed a "neutral" rating and set a $450.00 target price on shares of Hubbell in a research note on Friday, December 12th. Finally, Evercore increased their price target on Hubbell from $575.00 to $585.00 and gave the stock an "outperform" rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $536.00.

Hubbell Trading Down 0.2%

Shares of HUBB opened at $467.52 on Friday. Hubbell Inc has a 1-year low of $299.42 and a 1-year high of $533.80. The company has a 50-day moving average of $493.98 and a 200 day moving average of $457.40. The firm has a market capitalization of $24.85 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 2.37 and a beta of 1.00. 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 issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping analysts' consensus estimates of $4.70 by $0.03. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, research analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell's dividend payout ratio 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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