iSAM Funds UK Ltd Sells 1,108 Shares of Hubbell Inc $HUBB

iSAM Funds UK Ltd lowered its holdings in shares of Hubbell Inc (NYSE:HUBB) by 68.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 520 shares of the industrial products company’s stock after selling 1,108 shares during the period. iSAM Funds UK Ltd’s holdings in Hubbell were worth $272,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HUBB. Pinnacle Bancorp Inc. boosted its stake in Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Raiffeisen Bank International AG grew its position in Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Leonteq Securities AG acquired a new position in Hubbell during the first quarter worth about $33,000. DV Equities LLC bought a new position in shares of Hubbell in the fourth quarter worth about $33,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Hubbell in the third quarter worth about $33,000. 88.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Jonathan Del Nero sold 547 shares of Hubbell 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 transaction, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by corporate insiders.

Hubbell Stock Performance

Shares of Hubbell stock opened at $460.23 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The stock has a market cap of $24.31 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 2.20 and a beta of 0.89. The company’s fifty day moving average is $485.71 and its 200 day moving average is $495.60.

Hubbell (NYSE:HUBB) last announced its earnings results 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. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company earned $4.93 EPS. Hubbell’s revenue for the quarter was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Sell-side analysts forecast that Hubbell Inc will post 20.43 EPS for the current year.

Hubbell Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HUBB shares. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. UBS Group reissued a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Robert W. Baird assumed coverage on shares of Hubbell in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target for the company. Finally, Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.00.

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.