Ramirez Asset Management Inc. Raises Stake in Hubbell Inc $HUBB

Ramirez Asset Management Inc. lifted its position in shares of Hubbell Inc (NYSE:HUBB) by 193.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,750 shares of the industrial products company’s stock after buying an additional 1,812 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Hubbell were worth $1,183,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its stake in shares of Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares during the period. Mather Group LLC. acquired a new position in Hubbell in the third quarter valued at $37,000. Root Financial Partners LLC purchased a new position in Hubbell during the third quarter worth about $45,000. SBI Securities Co. Ltd. lifted its position in Hubbell by 278.1% during the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock worth $52,000 after buying an additional 89 shares during the period. Finally, Johnson Financial Group Inc. boosted its stake in Hubbell by 185.4% in the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock worth $56,000 after buying an additional 89 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on HUBB. Morgan Stanley set a $515.00 price objective on shares of Hubbell in a research note on Wednesday, January 7th. Evercore boosted their target price on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company increased their price target on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Finally, Mizuho set a $575.00 price objective on shares of Hubbell in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Stock Down 0.9%

Shares of Hubbell stock opened at $472.11 on Friday. The company has a fifty day moving average price of $491.37 and a 200 day moving average price of $455.93. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $533.80. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00.

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

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio is currently 34.07%.

Insider Buying and Selling

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at approximately $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,689 shares of company stock worth $17,407,395 in the last 90 days. 0.66% of the stock is owned by 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.