Sumitomo Mitsui Trust Group Inc. Decreases Holdings in Hubbell Inc $HUBB

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Hubbell by 2.6% to 121,140 shares (about $53.8M), and institutional investors now own roughly 88.16% of the stock.
• Hubbell slightly beat Q4 EPS estimates ($4.73 vs. $4.70), posted revenue up 11.9% year‑over‑year, and set FY2026 guidance of $19.15–$19.85 EPS.
• Insider selling has been substantial—CEO Gerben Bakker sold 25,233 shares (~$12.6M) and insiders sold 34,689 shares (~$17.4M) in the past three months—while analysts hold an average “Moderate Buy” rating with a $533.50 target.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,140 shares of the industrial products company's stock after selling 3,251 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Hubbell worth $53,799,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Hubbell by 147.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company's stock valued at $25,000 after buying an additional 34 shares in the last quarter. NBT Bank N A NY purchased a new position in Hubbell in the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. increased its stake in Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company's stock worth $30,000 after purchasing an additional 41 shares during the period. Harbor Investment Advisory LLC increased its stake in Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company's stock worth $32,000 after purchasing an additional 63 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new position in Hubbell in the 3rd quarter worth approximately $33,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company decreased their price target on Hubbell from $550.00 to $530.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 1st. Evercore lifted their price target on Hubbell from $575.00 to $585.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Hubbell in a research note on Thursday, January 22nd. Morgan Stanley lifted their price target on Hubbell from $515.00 to $565.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. lifted their price target on Hubbell from $478.00 to $532.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $533.50.

Hubbell Trading Down 3.4%

NYSE HUBB opened at $527.25 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Hubbell Inc has a twelve month low of $325.08 and a twelve month high of $548.97. The firm has a market capitalization of $28.03 billion, a PE ratio of 31.63, a P/E/G ratio of 2.76 and a beta of 1.00. The stock's 50 day moving average is $502.35 and its 200 day moving average is $467.86.

Hubbell (NYSE:HUBB - Get Free Report) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping the consensus estimate of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $4.10 earnings per share. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts forecast that Hubbell Inc will post 17.63 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 paid a $1.42 dividend. The ex-dividend date was Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell's payout ratio is currently 34.07%.

Insiders Place Their Bets

In other news, CEO Gerben Bakker sold 25,233 shares of the business's stock in a transaction on 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 owned 64,420 shares in the company, valued at $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nero Jonathan M. Del sold 2,245 shares of the business's 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 completion of the transaction, the vice president owned 2,769 shares of the company's stock, valued at $1,386,161.40. This represents a 44.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 34,689 shares of company stock worth $17,407,395 over the last three months. Company insiders own 0.63% of the company's stock.

About Hubbell

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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