one8zero8 LLC Invests $1.57 Million in Hubbell Inc $HUBB

one8zero8 LLC bought a new stake in shares of Hubbell Inc (NYSE:HUBB) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,000 shares of the industrial products company’s stock, valued at approximately $1,570,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. NewEdge Wealth LLC bought a new stake in Hubbell in the second quarter valued at about $745,000. Great Lakes Advisors LLC bought a new position in Hubbell during the second quarter worth about $241,000. Danske Bank A S bought a new position in Hubbell during the second quarter worth about $22,436,000. Diversify Advisory Services LLC acquired a new stake in Hubbell during the second quarter valued at approximately $6,182,000. Finally, Wealthfront Advisers LLC acquired a new stake in Hubbell during the second quarter valued at approximately $5,640,000. Institutional investors own 88.16% of the company’s stock.

Insider Buying and Selling at Hubbell

In related news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Wells Fargo & Company upped their price target on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. UBS Group reiterated a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Barclays lifted their price objective on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Stock Performance

NYSE HUBB opened at $475.88 on Thursday. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The company has a 50 day moving average of $495.99 and a 200-day moving average of $498.75. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The firm has a market cap of $25.14 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.37 and a beta of 0.90.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion for 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%.Hubbell’s revenue was up 15.3% compared to the same quarter last year. 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. On average, equities analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced 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 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 (DPR) is 33.63%.

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.