3,527 Shares in Hubbell Inc $HUBB Purchased by Davidson Capital Management Inc.

Davidson Capital Management Inc. purchased a new position in shares of Hubbell Inc (NYSE:HUBB) during the fourth quarter, Holdings Channel reports. The firm purchased 3,527 shares of the industrial products company’s stock, valued at approximately $1,566,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its position in Hubbell by 3.6% during the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock worth $973,337,000 after acquiring an additional 78,539 shares during the last quarter. Massachusetts Financial Services Co. MA increased 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 valued at $712,484,000 after purchasing an additional 226,856 shares during the last quarter. Wellington Management Group LLP increased 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 valued at $450,075,000 after purchasing an additional 163,626 shares during the last quarter. Boston Partners increased 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 valued at $316,521,000 after purchasing an additional 172,990 shares during the last quarter. Finally, Northern Trust Corp increased 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 valued at $228,181,000 after purchasing an additional 5,806 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

Shares of Hubbell stock opened at $549.81 on Thursday. Hubbell Inc has a 52 week low of $341.03 and a 52 week high of $557.11. The business’s fifty day simple moving average is $506.12 and its 200-day simple moving average is $471.90. The firm has a market cap of $29.23 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 2.77 and a beta of 1.00. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the company posted $4.10 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities analysts forecast that Hubbell Inc will post 19.79 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $1.42 per share. The ex-dividend date was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.0%. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

Insider Activity at Hubbell

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president directly owned 14,913 shares in the company, valued at $7,540,012.80. This trade represents a 23.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Eugene Mikes sold 2,601 shares of Hubbell 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 sale, the insider owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,689 shares of company stock valued at $17,407,395 in the last ninety days. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HUBB. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Morgan Stanley boosted their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Barclays boosted their price target on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Wells Fargo & Company lowered their price target on shares of Hubbell from $550.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $533.50.

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.