ProShare Advisors LLC Has $4.60 Million Position in Hubbell Inc $HUBB

ProShare Advisors LLC cut its holdings in Hubbell Inc (NYSE:HUBB) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,680 shares of the industrial products company’s stock after selling 1,783 shares during the quarter. ProShare Advisors LLC’s holdings in Hubbell were worth $4,596,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its stake in shares of Hubbell by 0.8% in 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 last quarter. Unique Wealth LLC raised its holdings in Hubbell by 2.6% during the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after buying an additional 23 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after buying an additional 24 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Hubbell by 5.5% in the third quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock worth $207,000 after buying an additional 25 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Hubbell by 5.7% during the 3rd quarter. Versant Capital Management Inc now owns 485 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 26 shares in the last quarter. 88.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on HUBB shares. Wells Fargo & Company raised their price objective on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Wall Street Zen lowered shares of Hubbell from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Morgan Stanley set a $515.00 target price on shares of Hubbell in a research note on Wednesday, January 7th. Finally, Stephens reiterated an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $529.75.

Insider Activity at Hubbell

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of the sale, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares in the company, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,088 shares of company stock worth $16,045,173 over the last ninety days. Corporate insiders own 0.66% of the company’s stock.

Hubbell Stock Up 1.5%

Shares of HUBB stock opened at $523.64 on Friday. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm has a market cap of $27.83 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.02. The stock has a 50 day moving average of $471.98 and a 200-day moving average of $447.36.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.03. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. Hubbell’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is currently 34.07%.

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.