SailingStone Capital Partners LLC Buys 15,368 Shares of Hubbell Inc $HUBB

SailingStone Capital Partners LLC boosted its position in shares of Hubbell Inc (NYSE:HUBB) by 128.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,328 shares of the industrial products company’s stock after buying an additional 15,368 shares during the quarter. Hubbell accounts for 2.8% of SailingStone Capital Partners LLC’s investment portfolio, making the stock its 13th largest holding. SailingStone Capital Partners LLC’s holdings in Hubbell were worth $14,298,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Corient Private Wealth LP purchased a new position in shares of Hubbell during the second quarter valued at approximately $4,254,000. DNB Asset Management AS raised its holdings in shares of Hubbell by 4.9% in the fourth quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock worth $17,260,000 after buying an additional 1,832 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Hubbell during the 2nd quarter worth approximately $7,648,000. Swedbank AB lifted its stake in shares of Hubbell by 19.2% during the 1st quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock worth $15,890,000 after acquiring an additional 5,218 shares during the last quarter. Finally, Troy Asset Management Ltd boosted its holdings in Hubbell by 60.7% during the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after acquiring an additional 208,327 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of HUBB stock opened at $455.38 on Thursday. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock has a fifty day simple moving average of $481.68 and a two-hundred day simple moving average of $493.81. The stock has a market capitalization of $24.06 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 2.27 and a beta of 0.89.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.39 by $0.13. The firm had revenue of $1.71 billion for 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%.The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, analysts predict that Hubbell Inc will post 20.43 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given 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 33.63%.

Insider Buying and Selling

In other news, VP Jonathan Del Nero sold 547 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value 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. The trade was a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. UBS Group reaffirmed a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Morgan Stanley boosted their target price on shares of Hubbell from $565.00 to $575.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 2nd. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. 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 objective for the company. Finally, Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. One investment 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.00.

Hubbell Profile

Hubbell Incorporated (NYSE: HUBB) is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.