SCS Capital Management LLC Invests $647,000 in Hubbell Inc $HUBB

SCS Capital Management LLC acquired a new position in Hubbell Inc (NYSE:HUBB) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,237 shares of the industrial products company’s stock, valued at approximately $647,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUBB. Bank of New York Mellon Corp bought a new stake in shares of Hubbell during the second quarter valued at approximately $783,142,000. Wellington Management Group LLP boosted its position in shares of Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after buying an additional 1,468,701 shares during the period. Boston Partners grew its holdings in Hubbell by 37.8% in the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock worth $452,675,000 after buying an additional 278,649 shares in the last quarter. Troy Asset Management Ltd grew its holdings in Hubbell by 60.7% in the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after buying an additional 208,327 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Hubbell by 355.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after acquiring an additional 173,668 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by corporate insiders.

Hubbell Stock Performance

HUBB opened at $512.48 on Monday. The company has a market capitalization of $27.07 billion, a price-to-earnings 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 Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The business has a 50 day moving average price of $495.46 and a two-hundred day moving average price of $498.77.

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

Hubbell Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Analyst Upgrades and Downgrades

HUBB has been the topic of several recent analyst reports. Stephens lifted their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Wells Fargo & Company lifted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Barclays upped their price objective on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Six equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell 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.