Principal Financial Group Inc. Increases Position in Hubbell Inc $HUBB

Key Points

• Principal Financial Group increased its stake in Hubbell by 3.6% to 205,775 shares, representing about 0.39% of the company and valued at $91.4 million at quarter-end.
• Insider selling has been significant — two VPs sold blocks on Feb. 9 and insiders have offloaded 34,689 shares worth $17.4 million over the past 90 days, leaving insiders with 0.63% ownership.
• Hubbell beat quarterly EPS expectations and set FY2026 guidance of $19.30–19.85; analysts have a consensus rating of Moderate Buy with an average price target of $546.25, and the company announced a $1.42 quarterly dividend (1.1% yield).

Principal Financial Group Inc. increased its stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 205,775 shares of the industrial products company's stock after acquiring an additional 7,100 shares during the quarter. Principal Financial Group Inc. owned about 0.39% of Hubbell worth $91,396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HUBB. Jones Financial Companies Lllp boosted its position in shares of Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company's stock worth $795,000 after acquiring an additional 1,518 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Hubbell by 18.9% during the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company's stock worth $408,000 after acquiring an additional 196 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company's stock worth $70,000 after acquiring an additional 155 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Hubbell during the first quarter worth $599,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Hubbell by 31.1% during the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company's stock worth $191,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 88.16% of the company's stock.

Insider Activity

In other news, VP Katherine Anne Lane sold 4,610 shares of the firm's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the sale, the vice president owned 14,913 shares in the company, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president owned 2,769 shares of the company's stock, valued at $1,386,161.40. This trade represents a 44.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 over the last 90 days. Insiders own 0.63% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HUBB. Mizuho set a $575.00 target price on shares of Hubbell in a research report on Wednesday, February 4th. Morgan Stanley upped their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 11th. JPMorgan Chase & Co. upped 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. Evercore upped their target price on shares of Hubbell from $575.00 to $585.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Finally, Stephens upped their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an "overweight" rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $546.25.

Hubbell Price Performance

Hubbell stock opened at $502.91 on Thursday. The firm has a 50-day moving average price of $508.11 and a 200-day moving average price of $478.71. The firm has a market capitalization of $26.73 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 12-month low of $349.39 and a 12-month high of $565.50.

Hubbell (NYSE:HUBB - Get Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.06. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities research analysts forecast that Hubbell Inc will post 19.81 EPS for the current year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, May 29th. Hubbell's dividend payout ratio (DPR) is 33.55%.

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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