Stance Capital LLC Reduces Position in Hubbell Inc $HUBB

Stance Capital LLC lessened its stake in Hubbell Inc (NYSE:HUBB) by 96.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 223 shares of the industrial products company’s stock after selling 6,002 shares during the quarter. Stance Capital LLC’s holdings in Hubbell were worth $96,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HUBB. Boston Partners acquired a new position in Hubbell in the 2nd quarter valued at about $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Hubbell during the 3rd quarter worth about $162,309,000. Troy Asset Management Ltd purchased a new position in shares of Hubbell in the second quarter valued at approximately $132,540,000. Bain Capital Public Equity Management II LLC acquired a new position in shares of Hubbell in the second quarter worth $132,286,000. Finally, Massachusetts Financial Services Co. MA increased 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 worth $712,484,000 after purchasing an additional 226,856 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the sale, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction on Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares in the company, valued at $7,540,012.80. The trade was a 23.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 over the last ninety days. Insiders own 0.66% of the company’s stock.

Hubbell Stock Up 1.7%

Shares of Hubbell stock opened at $479.05 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $533.80. The stock has a market cap of $25.47 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00. The company has a fifty day moving average price of $494.21 and a 200 day moving average price of $458.20.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data 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 company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company posted $4.10 EPS. The firm’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. Equities research analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 34.07%.

Analyst Ratings Changes

Several research firms recently commented on HUBB. Stephens reissued an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. UBS Group reissued a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research report on Friday, December 12th. JPMorgan Chase & Co. boosted their target price on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Evercore boosted their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $536.00.

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.