Union Bancaire Privee UBP SA Has $1.66 Million Stake in Hubbell Inc $HUBB

by · The Cerbat Gem

Union Bancaire Privee UBP SA trimmed its position in shares of Hubbell Inc (NYSE:HUBBFree Report) by 22.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,675 shares of the industrial products company’s stock after selling 1,051 shares during the period. Union Bancaire Privee UBP SA’s holdings in Hubbell were worth $1,659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 1,518 shares during the period. Empowered Funds LLC boosted its stake in Hubbell by 18.9% during the 1st 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. boosted its stake in Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 155 shares during the period. Acadian Asset Management LLC acquired a new stake in Hubbell in the 1st quarter valued at approximately $599,000. Finally, Creative Planning grew its holdings in Hubbell by 41.4% in the 2nd quarter. Creative Planning now owns 7,445 shares of the industrial products company’s stock valued at $3,040,000 after buying an additional 2,179 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HUBB shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Stephens restated an “overweight” rating and issued a $550.00 price objective on shares of Hubbell in a research note on Thursday, February 5th. Wells Fargo & Company boosted their target price on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 target price on shares of Hubbell in a research note on Wednesday, February 4th. Finally, Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $536.00.

Check Out Our Latest Stock Analysis on HUBB

Hubbell Trading Down 3.4%

Shares of HUBB opened at $475.97 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market cap of $25.30 billion, a PE ratio of 28.55, a PEG ratio of 2.49 and a beta of 1.00. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80. The stock has a 50 day simple moving average of $494.97 and a 200-day simple moving average of $458.75.

Hubbell (NYSE:HUBBGet Free Report) last announced 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. 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 analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm earned $4.10 EPS. Hubbell’s quarterly revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, sell-side analysts predict that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, February 27th. Hubbell’s payout ratio is currently 34.07%.

Insider Activity

In other news, VP Katherine Anne Lane sold 4,610 shares of the company’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 sale, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the 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 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 sold a total of 34,689 shares of company stock worth $17,407,395 in the last quarter. 0.66% of the stock is owned by company insiders.

Hubbell Profile

(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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