Perigon Wealth Management LLC Purchases 4,060 Shares of Hubbell Inc $HUBB

Perigon Wealth Management LLC grew its holdings in Hubbell Inc (NYSE:HUBB) by 32.4% during the 4th quarter, HoldingsChannel reports. The firm owned 16,600 shares of the industrial products company’s stock after acquiring an additional 4,060 shares during the quarter. Perigon Wealth Management LLC’s holdings in Hubbell were worth $7,372,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HUBB. State Street Corp lifted its position in shares of Hubbell by 3.6% during the 3rd quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock worth $973,337,000 after purchasing an additional 78,539 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Hubbell by 15.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after buying an additional 226,856 shares during the last quarter. Wellington Management Group LLP increased its position in Hubbell by 18.5% in the 3rd 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 period. Boston Partners increased its position in Hubbell by 30.7% in the 3rd 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 period. Finally, Northern Trust Corp lifted its holdings in shares of Hubbell by 1.1% during 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. 88.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hubbell

In other news, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly 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 SEC filing for this sale provides additional information. Insiders sold a total of 34,689 shares of company stock valued at $17,407,395 over the last quarter. 0.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HUBB has been the topic of several research analyst reports. Mizuho set a $575.00 price objective on shares of Hubbell in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $450.00 target price on shares of Hubbell in a research note on Friday, December 12th. Evercore increased their price target on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Barclays raised their price target on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley boosted 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. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $533.50.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $494.23 on Friday. The firm has a market capitalization of $26.27 billion, a PE ratio of 29.65, a PEG ratio of 2.50 and a beta of 1.00. 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 Inc has a 1-year low of $299.42 and a 1-year high of $533.80. The business’s 50 day moving average is $496.84 and its 200-day moving average is $462.49.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.Hubbell’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Sell-side analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $1.42 dividend. The ex-dividend date was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is currently 34.07%.

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.