Hubbell (NYSE:HUBB) Insider Sells $1,362,221.73 in Stock

Hubbell Inc (NYSE:HUBB) insider Mark Eugene Mikes sold 2,601 shares of the 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 transaction, the insider directly owned 2,592 shares in the company, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hubbell Trading Up 0.7%

Hubbell stock traded up $3.90 during trading on Thursday, reaching $526.20. 396,229 shares of the company were exchanged, compared to its average volume of 587,931. 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 stock’s 50 day simple moving average is $476.80 and its two-hundred day simple moving average is $449.37. The company has a market capitalization of $27.97 billion, a P/E ratio of 31.57, a PEG ratio of 2.65 and a beta of 1.02. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $533.80.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.49 billion. During the same period last year, the business earned $4.10 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on HUBB. UBS Group reissued a “neutral” rating and issued a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley set a $515.00 price objective on Hubbell in a research report on Wednesday, January 7th. Stephens reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research note on Thursday, February 5th. Finally, Mizuho set a $575.00 target price on Hubbell in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and an average price target of $529.75.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HUBB. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of 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 during the period. 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. Nordea Investment Management AB lifted its holdings in shares of Hubbell by 15.7% during the third quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock valued at $87,333,000 after purchasing an additional 27,576 shares during the last quarter. Walter Public Investments Inc. increased its position in shares of Hubbell by 33.3% in the third quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock worth $15,098,000 after acquiring an additional 8,774 shares in the last quarter. Finally, Ilex Capital Partners UK LLP purchased a new stake in shares of Hubbell in the second quarter valued at $1,431,000. 88.16% of the stock is owned by institutional investors and hedge funds.

About Hubbell

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.