Raiffeisen Bank International AG Sells 3,880 Shares of Hubbell Inc $HUBB

Key Points

• Raiffeisen Bank International cut its Hubbell stake by 71.1% in the second quarter, selling 3,880 shares and retaining 1,579 shares valued at approximately $813,000. Institutional investors collectively own 88.16% of Hubbell.
• Hubbell reported quarterly EPS of $5.52, exceeding estimates of $5.39, while revenue rose 15.3% year over year to $1.71 billion. The company projects fiscal 2026 EPS of $20.25–$20.55.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $555, compared with the stock’s Friday opening price of $460.95. Hubbell also declared a quarterly dividend of $1.42 per share, representing a 1.2% annualized yield.

Raiffeisen Bank International AG lowered its position in Hubbell Inc (NYSE:HUBB - Free Report) by 71.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,579 shares of the industrial products company's stock after selling 3,880 shares during the period. Raiffeisen Bank International AG's holdings in Hubbell were worth $813,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HUBB. Corient Private Wealth LP purchased a new stake in Hubbell in the 2nd quarter worth $4,254,000. DNB Asset Management AS increased its position in shares of Hubbell by 4.9% during the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company's stock valued at $17,260,000 after purchasing an additional 1,832 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Hubbell during the 2nd quarter valued at approximately $7,648,000. Swedbank AB raised its holdings in Hubbell by 19.2% during the 1st quarter. Swedbank AB now owns 32,380 shares of the industrial products company's stock valued at $15,890,000 after buying an additional 5,218 shares during the period. Finally, Troy Asset Management Ltd raised its holdings in Hubbell by 60.7% during the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company's stock valued at $244,980,000 after buying an additional 208,327 shares during the period. Hedge funds and other institutional investors own 88.16% of the company's stock.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of Hubbell from $565.00 to $575.00 and gave the company an "equal weight" rating in a report on Wednesday. Wall Street Zen lowered shares of Hubbell from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. UBS Group reiterated a "neutral" rating and issued a $515.00 target price on shares of Hubbell in a research note on Tuesday, June 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Hubbell in a report on Wednesday, July 29th. Finally, Weiss Ratings downgraded shares of Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $555.00.

Insider Activity at Hubbell

In related news, VP Jonathan Del Nero sold 547 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the transaction, the vice president owned 2,933 shares in the company, valued at $1,520,936.48. This represents a 15.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by corporate insiders.

Hubbell Price Performance

NYSE:HUBB opened at $460.95 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. The stock's 50-day moving average price is $484.58 and its 200-day moving average price is $495.36. The stock has a market capitalization of $24.35 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.25 and a beta of 0.89.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.39 by $0.13. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.Hubbell's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities analysts expect that Hubbell Inc will post 20.43 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell's payout ratio is currently 33.63%.

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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