1,237 Shares in Hubbell Inc $HUBB Acquired by SCS Capital Management LLC

SCS Capital Management LLC purchased a new position in Hubbell Inc (NYSE:HUBB) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,237 shares of the industrial products company’s stock, valued at approximately $647,000.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Hubbell by 171.9% during the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 1,518 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Hubbell by 18.9% during the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Hubbell in the 1st quarter valued at $599,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Hubbell by 31.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 111 shares during the period. Institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hubbell Stock Performance

Shares of HUBB stock 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 P/E/G ratio of 2.51 and a beta of 0.90. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock’s fifty day simple moving average is $495.46 and its 200-day simple moving average is $498.77.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.66 billion. During the same period in the prior year, the business earned $4.93 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, sell-side analysts predict that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is currently 33.63%.

Insider Activity

In other news, VP Nero Jonathan M. Del sold 547 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.63% of the stock is owned by company insiders.

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.