MASTERINVEST Kapitalanlage GmbH Invests $759,000 in Hubbell Inc $HUBB

MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,451 shares of the industrial products company’s stock, valued at approximately $759,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. DNB Asset Management AS lifted its holdings in shares of Hubbell by 4.9% in the fourth quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock valued at $17,260,000 after purchasing an additional 1,832 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Hubbell during the second quarter valued at $7,648,000. Swedbank AB grew its holdings in shares of Hubbell by 19.2% during the first quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock valued at $15,890,000 after buying an additional 5,218 shares in the last quarter. Principal Financial Group Inc. raised its position in Hubbell by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 205,775 shares of the industrial products company’s stock valued at $91,396,000 after buying an additional 7,100 shares during the period. Finally, Vest Financial LLC acquired a new position in Hubbell during the fourth quarter valued at $1,589,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Price Performance

Shares of Hubbell stock opened at $459.86 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The company has a market cap of $24.29 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The firm has a fifty day moving average price of $491.58 and a two-hundred day moving average price of $497.43. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50.

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

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s payout ratio is currently 33.63%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HUBB shares. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Robert W. Baird initiated coverage on shares of Hubbell in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target for the company. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Finally, Barclays boosted their price target on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $553.89.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the company’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 owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.63% of the stock is owned by corporate insiders.

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.