iSAM Funds UK Ltd Has $272,000 Stock Holdings in Hubbell Inc $HUBB

iSAM Funds UK Ltd trimmed its position in Hubbell Inc (NYSE:HUBB) by 68.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 520 shares of the industrial products company’s stock after selling 1,108 shares during the quarter. iSAM Funds UK Ltd’s holdings in Hubbell were worth $272,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HUBB. Pinnacle Bancorp Inc. increased its position in Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after buying an additional 33 shares during the last quarter. Raiffeisen Bank International AG boosted its stake in shares of Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the period. Leonteq Securities AG acquired a new position in shares of Hubbell during the 1st quarter worth approximately $33,000. DV Equities LLC acquired a new position in shares of Hubbell during the 4th quarter worth approximately $33,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Hubbell in the 3rd quarter valued at $33,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Up 2.3%

Shares of NYSE:HUBB opened at $460.23 on Friday. The business’s 50 day simple moving average is $485.71 and its 200 day simple moving average is $495.60. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. 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 capitalization of $24.31 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.20 and a beta of 0.89.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, research analysts anticipate that Hubbell Inc will post 20.43 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given 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 1.2%. Hubbell’s dividend payout ratio is currently 33.63%.

Analysts Set New Price Targets

Several equities analysts have commented on HUBB shares. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Finally, Robert W. Baird assumed coverage on shares of Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $555.00.

Insider Transactions at Hubbell

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value 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. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by 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.