3,019 Shares in Hubbell Inc $HUBB Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,019 shares of the industrial products company’s stock, valued at approximately $1,580,000.

Several other large investors also recently modified their holdings of HUBB. Jones Financial Companies Lllp raised its stake in Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 1,518 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 196 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Hubbell in the 1st quarter worth about $599,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Hubbell by 31.1% during 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 in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HUBB has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Robert W. Baird began coverage on Hubbell in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price on the stock. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. UBS Group reaffirmed a “neutral” rating and set a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and an average target price of $553.89.

Hubbell Stock Performance

Shares of Hubbell stock opened at $459.86 on Friday. 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 firm 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 firm has a 50 day simple moving average of $491.58 and a 200 day simple moving average of $497.43. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50.

Hubbell (NYSE:HUBB) last posted 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 firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Sell-side analysts predict that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s payout ratio is currently 33.63%.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president directly 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

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.