MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Takes $162.31 Million Position in Hubbell Inc $HUBB

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought 377,199 shares of Hubbell in Q3 valued at about $162.31 million, giving the fund roughly a 0.71% stake.
• CEO Gerben Bakker sold 25,233 shares on Feb. 6 for about $12.59 million (a 28.15% reduction in his holding), and insiders have sold 34,689 shares worth ~$17.41 million in the last 90 days.
• Hubbell slightly beat quarterly EPS expectations ($4.73 vs. $4.70) with revenue up 11.9% year‑over‑year, issued FY2026 guidance of $19.15–$19.85 EPS, and carries a consensus analyst rating of "Moderate Buy" with a $536 target.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 377,199 shares of the industrial products company's stock, valued at approximately $162,309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.71% of Hubbell as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Moore Capital Management LP acquired a new position in shares of Hubbell during the third quarter valued at $14,609,000. Laird Norton Wetherby Wealth Management LLC increased its position in Hubbell by 7.0% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 763 shares of the industrial products company's stock worth $328,000 after purchasing an additional 50 shares during the period. Lido Advisors LLC raised its holdings in Hubbell by 27.6% during the 3rd quarter. Lido Advisors LLC now owns 758 shares of the industrial products company's stock worth $326,000 after purchasing an additional 164 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Hubbell during the 3rd quarter worth about $1,419,000. Finally, Hilltop Holdings Inc. lifted its position in Hubbell by 2.5% during the 3rd quarter. Hilltop Holdings Inc. now owns 2,188 shares of the industrial products company's stock valued at $942,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 88.16% of the company's stock.

Insider Activity

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of the business's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the transaction, the chief executive officer directly owned 64,420 shares of the company's stock, valued at approximately $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the business's stock in a transaction dated 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 completion of the transaction, the vice president directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,689 shares of company stock worth $17,407,395 in the last 90 days. Corporate insiders own 0.76% of the company's stock.

Hubbell Stock Up 1.2%

Hubbell stock opened at $472.97 on Tuesday. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.36 and a beta of 1.00. The company's 50 day simple moving average is $494.12 and its 200 day simple moving average is $457.77. 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 Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80.

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 the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion during 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 business's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 earnings per share. 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 17.63 EPS for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a $1.42 dividend. The ex-dividend date was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell's dividend payout ratio is currently 34.07%.

Analyst Ratings Changes

HUBB has been the topic of several recent research reports. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. UBS Group restated a "neutral" rating and issued a $450.00 price objective on shares of Hubbell in a report on Friday, December 12th. Mizuho set a $575.00 target price on shares of Hubbell in a report on Wednesday, February 4th. Wells Fargo & Company increased their price target on Hubbell from $515.00 to $550.00 and gave the company an "overweight" rating in a research note on Wednesday, February 4th. Finally, Evercore lifted their price objective on Hubbell from $575.00 to $585.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Five 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 a consensus rating of "Moderate Buy" and a consensus target price of $536.00.

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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