M&T Bank Corp Reduces Position in Hubbell Inc $HUBB

Key Points

• M&T Bank Corp trimmed its stake in Hubbell by 10.3%, selling 2,615 shares and leaving it with 22,823 shares valued at about $10.14 million; institutional investors own roughly 88.16% of the company.
• Company insiders have been net sellers recently, offloading 34,689 shares worth about $17.4 million over the past 90 days and leaving insiders with just 0.63% ownership.
• Analyst and financial outlook: Hubbell holds a "Moderate Buy" consensus with a $533.50 target, reported Q results beating EPS expectations ($4.73 vs. $4.70), set FY2026 guidance of $19.15–$19.85 EPS (Street avg. ~19.79), and pays a $1.42 quarterly dividend (≈1.0% yield).

M&T Bank Corp lessened its position in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 10.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,823 shares of the industrial products company's stock after selling 2,615 shares during the quarter. M&T Bank Corp's holdings in Hubbell were worth $10,136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Hubbell by 28.7% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 71,768 shares of the industrial products company's stock worth $31,883,000 after buying an additional 16,002 shares during the last quarter. Revisor Wealth Management LLC grew its stake in Hubbell by 14.2% during the 4th quarter. Revisor Wealth Management LLC now owns 846 shares of the industrial products company's stock worth $398,000 after buying an additional 105 shares during the last quarter. Krilogy Financial LLC purchased a new position in Hubbell during the 4th quarter worth approximately $208,000. Tokio Marine Asset Management Co. Ltd. grew its stake in Hubbell by 11.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,373 shares of the industrial products company's stock worth $1,054,000 after buying an additional 238 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Hubbell by 1.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 23,142 shares of the industrial products company's stock worth $10,443,000 after buying an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Hubbell from $550.00 to $530.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 1st. Barclays lifted their target price on Hubbell from $465.00 to $481.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Hubbell in a research note on Thursday, January 22nd. Morgan Stanley lifted their target price on Hubbell from $515.00 to $565.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 11th. Finally, Stephens reiterated an "overweight" rating and issued a $550.00 target price on shares of Hubbell in a research note on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Hubbell has an average rating of "Moderate Buy" and a consensus target price of $533.50.

Insiders Place Their Bets

In related news, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the transaction, the vice president directly owned 14,913 shares of the company's stock, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction 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 transaction, the vice president directly owned 2,769 shares of the company's stock, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 34,689 shares of company stock valued at $17,407,395 over the last 90 days. 0.63% of the stock is owned by corporate insiders.

Hubbell Stock Down 0.7%

HUBB opened at $554.16 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The business has a 50 day simple moving average of $507.58 and a 200-day simple moving average of $473.48. The stock 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. Hubbell Inc has a 12 month low of $341.03 and a 12 month high of $565.50.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly 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 business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The company's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities analysts anticipate that Hubbell Inc will post 19.79 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

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

Hubbell 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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