MASTERINVEST Kapitalanlage GmbH Takes $759,000 Position in Hubbell Inc $HUBB

MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Hubbell Inc (NYSE:HUBB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,451 shares of the industrial products company’s stock, valued at approximately $759,000.

Several other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new position in Hubbell during the second quarter worth about $2,455,986,000. Wellington Management Group LLP boosted its stake in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after purchasing an additional 1,468,701 shares in the last quarter. State Street Corp grew its holdings in shares of Hubbell by 1.8% in the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after purchasing an additional 40,623 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Hubbell during the 2nd quarter worth about $783,142,000. Finally, Geode Capital Management LLC boosted its position in Hubbell by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after buying an additional 10,898 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was 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 in the company, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is currently owned by company insiders.

Hubbell Trading Down 2.2%

Shares of HUBB opened at $459.86 on Friday. The stock’s fifty day simple moving average is $491.58 and its 200-day simple moving average is $497.43. The firm has a market capitalization of $24.29 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the company posted $4.93 EPS. The company’s revenue 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, research analysts predict that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is 33.63%.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Barclays raised their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company boosted their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $553.89.

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.