12,415 Shares in Hubbell Inc $HUBB Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in Hubbell Inc (NYSE:HUBB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,415 shares of the industrial products company’s stock, valued at approximately $6,182,000.

A number of other hedge funds have also made changes to their positions in HUBB. Pinnacle Bancorp Inc. grew its stake in Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Raiffeisen Bank International AG increased its position in Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Hubbell in the first quarter valued at $33,000. DV Equities LLC acquired a new stake in shares of Hubbell during the fourth quarter valued at $33,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Hubbell during the third quarter valued at $33,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the subject of several analyst reports. Barclays boosted their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wells Fargo & Company boosted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Stock Down 3.9%

HUBB opened at $484.45 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The stock has a market capitalization of $25.59 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.51 and a beta of 0.90. The business has a 50-day moving average of $495.82 and a two-hundred day moving average of $498.90. Hubbell Inc has a 12 month low of $403.82 and a 12 month high of $565.50.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the firm posted $4.93 EPS. The company’s revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, research analysts expect that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Insider Buying and Selling at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. The trade was a 15.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is currently owned by company 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.