Ramirez Asset Management Inc. Increases Holdings in Hubbell Inc $HUBB

Ramirez Asset Management Inc. lifted its holdings in shares of Hubbell Inc (NYSE:HUBB) by 193.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,750 shares of the industrial products company’s stock after acquiring an additional 1,812 shares during the period. Ramirez Asset Management Inc.’s holdings in Hubbell were worth $1,183,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in Hubbell by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock valued at $38,611,000 after acquiring an additional 3,542 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Hubbell by 64.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock valued at $1,669,000 after purchasing an additional 1,514 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Hubbell by 15.7% in the 3rd quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock valued at $87,333,000 after purchasing an additional 27,576 shares during the period. Walter Public Investments Inc. boosted its position in shares of Hubbell by 33.3% in the 3rd quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock valued at $15,098,000 after purchasing an additional 8,774 shares during the period. Finally, Troy Asset Management Ltd grew its stake in Hubbell by 5.8% during the 3rd quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock worth $147,722,000 after buying an additional 18,767 shares during the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hubbell

In related news, VP Katherine Anne Lane sold 4,610 shares of the business’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 directly owned 14,913 shares in the company, valued at $7,540,012.80. The trade was a 23.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell 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 transaction, the vice president owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 34,689 shares of company stock worth $17,407,395. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays lifted their target price on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. UBS Group restated a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Finally, Stephens reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Stock Performance

NYSE:HUBB opened at $472.11 on Friday. The firm’s fifty day simple moving average is $491.37 and its 200-day simple moving average is $455.93. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The stock has a market cap of $25.10 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $4.10 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $1.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

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.