Hubbell Inc $HUBB Shares Sold by Formuepleje A S

Formuepleje A S lowered its stake in shares of Hubbell Inc (NYSE:HUBB) by 65.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,225 shares of the industrial products company’s stock after selling 13,504 shares during the quarter. Formuepleje A S’s holdings in Hubbell were worth $3,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. boosted its stake in shares of Hubbell by 165.0% in the 1st 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 during the period. Raiffeisen Bank International AG raised its holdings 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 in the last quarter. Schuylkill Financial LLC purchased a new position in Hubbell in the second quarter worth approximately $30,000. Measured Wealth Private Client Group LLC acquired a new position in Hubbell during the 3rd quarter worth approximately $33,000. Finally, DV Equities LLC purchased a new stake in shares of Hubbell in the 4th quarter valued at approximately $33,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Stock Performance

Shares of HUBB stock opened at $460.95 on Monday. The stock’s 50-day moving average is $484.58 and its two-hundred day moving average is $495.16. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The firm has a market cap of $24.35 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.25 and a beta of 0.89.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Analysts predict that Hubbell Inc will post 20.43 earnings per share 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 issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

Analyst Ratings Changes

HUBB has been the topic of a number of analyst reports. UBS Group restated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Morgan Stanley boosted their target price on Hubbell from $565.00 to $575.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Robert W. Baird started coverage on shares of Hubbell in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Hubbell presently has an average rating of “Moderate Buy” and a consensus price target of $555.00.

Insider Buying and Selling at Hubbell

In other 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 value of $283,652.32. Following the transaction, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. The trade was a 15.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.63% of the company’s stock.

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.