Hubbell (NYSE:HUBB) VP Sells $283,652.32 in Stock

Hubbell Inc (NYSE:HUBB) VP Nero Jonathan Del sold 547 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the transaction, the vice president directly owned 2,933 shares in the company, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hubbell Stock Up 1.1%

NYSE HUBB opened at $512.48 on Friday. The stock’s 50 day simple moving average is $495.46 and its 200 day simple moving average is $498.69. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The firm has a market cap of $27.07 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 2.51 and a beta of 0.90. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.39 by $0.13. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, sell-side analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is 33.63%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HUBB shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Stephens raised their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Barclays increased their price target 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. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $554.38.

Institutional Investors Weigh In On Hubbell

A number of institutional investors have recently made changes to their positions in HUBB. BlackRock Inc. acquired a new position in Hubbell in the second quarter valued at about $2,455,986,000. Bank of New York Mellon Corp acquired a new position in shares of Hubbell during the 2nd quarter worth about $783,142,000. Wellington Management Group LLP increased its stake in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after acquiring an additional 1,468,701 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Hubbell in the 2nd quarter valued at about $610,053,000. Finally, Man Group plc acquired a new stake in shares of Hubbell in the 2nd quarter valued at approximately $179,698,000. 88.16% of the stock is owned by institutional investors and hedge funds.

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.