Empowered Funds LLC Takes Position in Hubbell Inc $HUBB

Empowered Funds LLC acquired a new position in shares of Hubbell Inc (NYSE:HUBB) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,704 shares of the industrial products company’s stock, valued at approximately $11,879,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after buying an additional 1,518 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 155 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Hubbell in the 1st quarter worth about $599,000. EverSource Wealth Advisors LLC increased its position in shares of Hubbell by 31.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 111 shares during the last quarter. Finally, Jump Financial LLC raised its stake in shares of Hubbell by 22.2% in the 2nd quarter. Jump Financial LLC now owns 1,667 shares of the industrial products company’s stock valued at $681,000 after purchasing an additional 303 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insider Activity at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was 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 owned 2,933 shares in the company, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.63% of the company’s stock.

Hubbell Trading Down 2.2%

Hubbell stock opened at $459.86 on Friday. Hubbell Inc has a 12 month low of $403.82 and a 12 month high of $565.50. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The stock has a market cap of $24.30 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.25 and a beta of 0.90. The company’s fifty day simple moving average is $491.58 and its 200-day simple moving average is $497.43.

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

Hubbell Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HUBB shares. Robert W. Baird began coverage on Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target on the stock. Barclays upped their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. UBS Group reaffirmed a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Finally, Stephens boosted their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $553.89.

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.