Handelsbanken Fonder AB Increases Stock Holdings in Hubbell Inc $HUBB

Handelsbanken Fonder AB increased its position in shares of Hubbell Inc (NYSE:HUBB) by 143.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,721 shares of the industrial products company’s stock after purchasing an additional 19,298 shares during the period. Handelsbanken Fonder AB owned 0.06% of Hubbell worth $14,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in shares of Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after buying an additional 41 shares during the period. Mather Group LLC. acquired a new position in Hubbell in the third quarter valued at approximately $37,000. Root Financial Partners LLC purchased a new position in Hubbell in the third quarter worth approximately $45,000. SBI Securities Co. Ltd. grew its position in Hubbell by 278.1% in the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 89 shares during the period. Finally, Johnson Financial Group Inc. increased its stake in Hubbell by 185.4% during the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 89 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the transaction, the vice president directly owned 14,913 shares of the company’s stock, valued at $7,540,012.80. The trade was a 23.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider directly owned 2,592 shares in the company, valued at $1,357,508.16. This represents a 50.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,689 shares of company stock worth $17,407,395 over the last ninety days. Insiders own 0.76% of the company’s stock.

Hubbell Stock Down 2.5%

Shares of NYSE:HUBB opened at $511.22 on Monday. The firm has a market capitalization of $27.18 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.00. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The firm’s 50-day moving average is $487.96 and its two-hundred day moving average is $454.28.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $4.10 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $1.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s payout ratio is 34.07%.

Analysts Set New Price Targets

Several brokerages have recently commented on HUBB. Wells Fargo & Company upped their price target on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a research report on Friday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Evercore boosted their price target on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Monday, February 16th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and an average price target of $529.75.

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.