Tredje AP fonden Has $2.42 Million Stock Holdings in Hubbell Inc $HUBB

Tredje AP fonden lifted its position in shares of Hubbell Inc (NYSE:HUBB) by 34.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,617 shares of the industrial products company’s stock after purchasing an additional 1,437 shares during the quarter. Tredje AP fonden’s holdings in Hubbell were worth $2,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Hubbell by 86.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 123,417 shares of the industrial products company’s stock worth $53,108,000 after buying an additional 57,291 shares during the period. Avestar Capital LLC increased its holdings in shares of Hubbell by 61.3% in the third quarter. Avestar Capital LLC now owns 1,031 shares of the industrial products company’s stock worth $444,000 after acquiring an additional 392 shares in the last quarter. Keyvantage Wealth LLC bought a new stake in shares of Hubbell in the third quarter worth about $205,000. Beirne Wealth Consulting Services LLC acquired a new stake in shares of Hubbell during the third quarter worth about $261,000. Finally, Crestwood Advisors Group LLC lifted its holdings in shares of Hubbell by 5.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 565 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HUBB shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Barclays upped their price target on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Evercore increased their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 price objective on shares of Hubbell in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company increased their target price on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $529.75.

Hubbell Stock Performance

Shares of HUBB stock opened at $526.91 on Friday. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The company’s fifty day simple moving average is $479.64 and its 200-day simple moving average is $450.74. The firm has a market cap of $28.01 billion, a PE ratio of 31.61, a P/E/G ratio of 2.66 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business earned $4.10 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities research analysts expect that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

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

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the transaction, the insider directly owned 2,592 shares in the company, valued at $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerben Bakker sold 25,233 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at $32,143,647.40. This trade represents a 28.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 34,689 shares of company stock valued at $17,407,395. 0.66% of the stock is currently owned by company insiders.

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.