Bokf Na Lowers Stock Position in Hubbell Inc $HUBB

Bokf Na cut its position in shares of Hubbell Inc (NYSE:HUBB) by 19.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,617 shares of the industrial products company’s stock after selling 1,336 shares during the quarter. Bokf Na’s holdings in Hubbell were worth $2,495,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in Hubbell by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock worth $38,611,000 after buying an additional 3,542 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Hubbell by 64.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock worth $1,669,000 after buying an additional 1,514 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Hubbell by 15.7% during the third quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock worth $87,333,000 after buying an additional 27,576 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in Hubbell by 32.4% during the fourth quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock worth $7,372,000 after buying an additional 4,060 shares in the last quarter. Finally, Troy Asset Management Ltd boosted its holdings in Hubbell by 5.8% during the third quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock worth $147,722,000 after buying an additional 18,767 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the sale, the insider owned 2,592 shares of the company’s stock, valued at $1,357,508.16. The trade was a 50.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the sale, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,456 shares of company stock valued at $4,816,885 in the last 90 days. 0.63% of the stock is owned by insiders.

Hubbell Stock Performance

Shares of NYSE:HUBB opened at $492.62 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The business’s 50 day moving average price is $507.42 and its 200-day moving average price is $479.18. The firm has a market capitalization of $26.19 billion, a PE ratio of 29.10, a P/E/G ratio of 2.54 and a beta of 0.95. Hubbell Inc has a 1 year low of $353.52 and a 1 year high of $565.50.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities research analysts expect that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid 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 Friday, May 29th. Hubbell’s payout ratio is 33.55%.

Wall Street Analyst Weigh In

HUBB has been the subject of several recent analyst reports. Evercore boosted their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wells Fargo & Company boosted their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $546.25.

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.