Hubbell Inc $HUBB Stock Holdings Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Hubbell Inc (NYSE:HUBB) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 110,880 shares of the industrial products company’s stock after buying an additional 1,848 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Hubbell were worth $51,341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HUBB. Thurston Springer Miller Herd & Titak Inc. grew its stake in Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. NBT Bank N A NY purchased a new position in Hubbell in the fourth quarter valued at about $27,000. Hantz Financial Services Inc. grew its stake in Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Baillie Gifford & Co. grew its stake in Hubbell by 62.8% in the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in Hubbell by 630.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Insider Activity at Hubbell

In related news, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the sale, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,456 shares of company stock worth $4,816,885 in the last 90 days. 0.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HUBB has been the topic of a number of recent research reports. Stephens boosted their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their price target on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Evercore upped their price target on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley upped their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $546.25.

Hubbell Stock Performance

HUBB opened at $492.08 on Friday. The company has a market cap of $26.16 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.49 and a beta of 0.95. The stock has a 50-day moving average of $507.42 and a 200-day moving average of $479.18. Hubbell Inc has a 52-week low of $353.52 and a 52-week high of $565.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities research analysts forecast that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is presently 33.55%.

Hubbell Company 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.