Wealthfront Advisers LLC bought a new stake in Hubbell Inc (NYSE:HUBB - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,779 shares of the industrial products company's stock, valued at approximately $5,640,000.
Several other hedge funds have also made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in Hubbell by 171.9% during the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company's stock valued at $795,000 after acquiring an additional 1,518 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company's stock valued at $408,000 after purchasing an additional 196 shares during the period. Geneos Wealth Management Inc. raised its stake 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 purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Hubbell during the first quarter worth $599,000. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 88.16% of the company's stock.
Analysts Set New Price Targets
HUBB has been the topic of several recent research reports. Barclays boosted their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Hubbell in a research note on Wednesday, July 29th. UBS Group reissued a "neutral" rating and set a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Wall Street Zen downgraded shares of Hubbell from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings lowered Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 14th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $553.89.
View Our Latest Research Report on Hubbell
Insider Transactions at Hubbell
In other news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction that occurred on 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 sale, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.63% of the company's stock.
Hubbell Price Performance
Hubbell stock opened at $470.45 on Friday. The company has a market cap of $24.85 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 2.33 and a beta of 0.90. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The business has a fifty day moving average of $496.03 and a two-hundred day moving average of $498.62. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61.
Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping analysts' consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the prior year, the company posted $4.93 EPS. The business's revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, analysts predict that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.
Hubbell Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell's dividend payout ratio (DPR) is 33.63%.
About Hubbell
(
Free Report)
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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