Hubbell Inc $HUBB Stock Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Hubbell Inc (NYSE:HUBB) by 17.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 41,428 shares of the industrial products company’s stock after acquiring an additional 6,290 shares during the period. Natixis Advisors LLC owned about 0.08% of Hubbell worth $17,827,000 at the end of the most recent reporting period.

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

Hubbell Trading Down 0.0%

Shares of NYSE HUBB opened at $477.96 on Thursday. 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 one year low of $299.42 and a one year high of $533.80. The business has a 50-day moving average price of $493.40 and a two-hundred day moving average price of $457.12. The firm has a market capitalization of $25.41 billion, a PE ratio of 28.67, a PEG ratio of 2.42 and a beta of 1.00.

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

Hubbell Dividend Announcement

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

Insider Activity at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider owned 2,592 shares in the company, valued at $1,357,508.16. This represents a 50.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the sale, the vice president directly owned 2,769 shares of the company’s stock, valued at $1,386,161.40. This trade represents a 44.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,689 shares of company stock worth $17,407,395 in the last quarter. 0.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group restated a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a report on Friday, December 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Morgan Stanley boosted their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday. Evercore upped their price target on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $536.00.

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.