Principal Financial Group Inc. Buys 7,100 Shares of Hubbell Inc $HUBB

Principal Financial Group Inc. boosted its stake in shares of Hubbell Inc (NYSE:HUBB) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,775 shares of the industrial products company’s stock after buying an additional 7,100 shares during the quarter. Principal Financial Group Inc.’s holdings in Hubbell were worth $91,396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in Hubbell by 3.6% during the 3rd quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock valued at $973,337,000 after buying an additional 78,539 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Hubbell by 15.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after buying an additional 226,856 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Hubbell by 18.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock valued at $450,075,000 after buying an additional 163,626 shares in the last quarter. Boston Partners lifted its holdings in Hubbell by 30.7% during the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after buying an additional 172,990 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Hubbell by 1.1% during the 3rd quarter. Northern Trust Corp now owns 530,272 shares of the industrial products company’s stock valued at $228,181,000 after buying an additional 5,806 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on HUBB. Barclays boosted their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday. Wells Fargo & Company boosted their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Morgan Stanley boosted their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Finally, Evercore boosted their price target on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $546.25.

Hubbell Stock Down 1.0%

NYSE:HUBB opened at $502.91 on Thursday. The company has a market cap of $26.73 billion, a PE ratio of 29.71, a P/E/G ratio of 2.56 and a beta of 0.95. Hubbell Inc has a twelve month low of $349.39 and a twelve month high of $565.50. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $508.11 and its two-hundred day moving average is $478.71.

Hubbell (NYSE:HUBB) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts anticipate that Hubbell Inc will post 19.81 EPS for the current year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, May 29th. Hubbell’s payout ratio is presently 33.55%.

Insider Buying and Selling at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction that occurred 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 sale, the insider owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,689 shares of company stock valued at $17,407,395. 0.63% of the stock is currently owned by insiders.

Hubbell Company 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.