Hubbell Inc $HUBB Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Hubbell Inc (NYSE:HUBB) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 110,880 shares of the industrial products company’s stock after purchasing an additional 1,848 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Hubbell worth $51,341,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Townsquare Capital LLC increased its position in shares of Hubbell by 0.8% during the 3rd quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock valued at $1,212,000 after purchasing an additional 22 shares during the period. BSW Wealth Partners increased its position in shares of Hubbell by 2.9% during the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 22 shares during the period. GAMMA Investing LLC increased its position in shares of Hubbell by 2.2% during the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares during the period. Benjamin Edwards Inc. increased its position in shares of Hubbell by 2.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 24 shares during the period. Finally, Quest Investment Management LLC increased its position in shares of Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after purchasing an additional 25 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $492.08 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 2.49 and a beta of 0.95. The stock’s fifty day simple moving average is $507.42 and its 200 day simple moving average is $479.18. Hubbell Inc has a 52-week low of $353.52 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, sell-side analysts forecast that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s payout ratio is currently 33.55%.

Insider Activity

In other news, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the transaction, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction on 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 transaction, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. This represents a 23.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 9,456 shares of company stock worth $4,816,885. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company lifted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Mizuho set a $575.00 target price on Hubbell in a report on Wednesday, February 4th. Evercore lifted their target price on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Stephens lifted their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

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.