3,578 Shares in Hubbell Inc $HUBB Acquired by Vest Financial LLC

by · The Cerbat Gem

Vest Financial LLC acquired a new position in Hubbell Inc (NYSE:HUBBFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,578 shares of the industrial products company’s stock, valued at approximately $1,589,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of Hubbell by 3.6% in the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock worth $973,337,000 after buying an additional 78,539 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hubbell by 15.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after buying an additional 226,856 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Hubbell by 18.5% in the third quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock worth $450,075,000 after buying an additional 163,626 shares during the last quarter. Boston Partners boosted its holdings in shares of Hubbell by 30.7% in the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after buying an additional 172,990 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Hubbell by 1.1% in the third quarter. Northern Trust Corp now owns 530,272 shares of the industrial products company’s stock worth $228,181,000 after buying an additional 5,806 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Hubbell from $550.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Morgan Stanley raised their price objective on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. raised their price objective on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Evercore raised their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $533.50.

View Our Latest Report on Hubbell

Hubbell Price Performance

NYSE HUBB opened at $507.94 on Friday. Hubbell Inc has a 12 month low of $341.03 and a 12 month high of $565.50. The stock has a market cap of $27.00 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.76 and a beta of 1.00. The company’s 50 day moving average is $508.77 and its two-hundred day moving average is $476.92. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBBGet Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business earned $3.50 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, research analysts anticipate that Hubbell Inc will post 19.79 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

Insider Activity

In other news, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the sale, the insider owned 2,592 shares in the company, valued at $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the sale, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. The trade was a 28.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 in the last quarter. 0.63% of the stock is currently owned by insiders.

Key Hubbell News

Here are the key news stories impacting Hubbell this week:

Hubbell Company 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.

Further Reading

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