14,275 Hubbell Inc $HUBB Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in Hubbell Inc (NYSE:HUBB) by 15.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,301 shares of the industrial products company’s stock after selling 14,275 shares during the period. Vontobel Holding Ltd. owned 0.15% of Hubbell worth $35,064,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Hubbell during the 2nd quarter valued at $2,455,986,000. Bank of New York Mellon Corp bought a new position in shares of Hubbell during the 2nd quarter worth $783,142,000. Deutsche Bank AG bought a new position in shares of Hubbell during the 2nd quarter worth $610,053,000. First Trust Advisors LP increased its stake in shares of Hubbell by 26.9% during the first quarter. First Trust Advisors LP now owns 714,287 shares of the industrial products company’s stock valued at $350,529,000 after buying an additional 151,467 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Hubbell by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 512,643 shares of the industrial products company’s stock valued at $251,531,000 after buying an additional 4,894 shares during the period. Institutional investors own 88.16% of the company’s stock.

Insider Buying and Selling at Hubbell

In other news, VP Jonathan Del Nero sold 547 shares of the firm’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 sale, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Hubbell Stock Down 0.7%

Shares of HUBB traded down $3.44 during trading hours on Friday, hitting $461.27. The company had a trading volume of 434,154 shares, compared to its average volume of 496,862. The company has a market capitalization of $24.37 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.32 and a beta of 0.85. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The company’s fifty day moving average price is $468.96 and its two-hundred day moving average price is $488.18.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company earned $4.93 earnings per share. The firm’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. As a group, equities analysts forecast that Hubbell Inc will post 20.45 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on HUBB. Weiss Ratings raised shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley set a $600.00 target price on shares of Hubbell in a research report on Friday. Evercore restated an “outperform” rating and issued a $630.00 price target on shares of Hubbell in a report on Friday, October 9th. Finally, Robert W. Baird started coverage on shares of Hubbell in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $557.89.

About Hubbell

Hubbell Incorporated (NYSE:HUBB) designs and manufactures electrical and utility products used to support the generation, transmission, distribution and control of electricity. The company serves electric utilities, electrical contractors, industrial businesses, commercial facilities and communications infrastructure providers.

Its Utility Solutions products include transmission and distribution equipment, connectors, insulators, arresters, grounding and bonding products, substation equipment, and enclosures for underground electrical systems.