Hubbell Inc $HUBB Position Trimmed by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its holdings in Hubbell Inc (NYSE:HUBB) by 22.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,675 shares of the industrial products company’s stock after selling 1,051 shares during the period. Union Bancaire Privee UBP SA’s holdings in Hubbell were worth $1,659,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in 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 buying an additional 41 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Hubbell during the 3rd quarter valued at $33,000. Mather Group LLC. purchased a new position in shares of Hubbell during the 3rd quarter valued at $37,000. Root Financial Partners LLC acquired a new position in shares of Hubbell in the third quarter worth $45,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Hubbell by 278.1% in the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 89 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president owned 14,913 shares of the company’s stock, valued at $7,540,012.80. This represents a 23.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,689 shares of company stock valued at $17,407,395 over the last 90 days. 0.66% of the stock is currently owned by insiders.

Hubbell Stock Down 3.4%

HUBB stock opened at $475.97 on Friday. 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 1 year low of $299.42 and a 1 year high of $533.80. The company has a fifty day simple moving average of $494.97 and a 200 day simple moving average of $458.75. The firm has a market cap of $25.30 billion, a PE ratio of 28.55, a PEG ratio of 2.49 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company posted $4.10 earnings per share. Hubbell’s revenue for the quarter was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Sell-side analysts anticipate that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

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

Analyst Upgrades and Downgrades

HUBB has been the subject of a number of research reports. Stephens reissued an “overweight” rating and set a $550.00 price objective on shares of Hubbell in a research report on Thursday, February 5th. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Morgan Stanley lifted their price target on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Finally, Barclays boosted their price target on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $536.00.

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.