Vinva Investment Management Ltd Has $2.06 Million Stake in Hubbell Inc $HUBB

Vinva Investment Management Ltd lifted its stake in Hubbell Inc (NYSE:HUBB) by 37.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,841 shares of the industrial products company’s stock after acquiring an additional 1,322 shares during the period. Vinva Investment Management Ltd’s holdings in Hubbell were worth $2,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in Hubbell by 4.8% during the third quarter. Parallel Advisors LLC now owns 699 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 32 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Hubbell by 17.9% in the third quarter. Natixis Advisors LLC now owns 41,428 shares of the industrial products company’s stock worth $17,827,000 after buying an additional 6,290 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Hubbell in the third quarter worth $2,794,000. First Trust Advisors LP boosted its holdings in shares of Hubbell by 1.5% during the 3rd quarter. First Trust Advisors LP now owns 416,911 shares of the industrial products company’s stock worth $179,401,000 after buying an additional 6,142 shares during the period. Finally, Ramirez Asset Management Inc. grew its stake in Hubbell by 193.2% in the 3rd quarter. Ramirez Asset Management Inc. now owns 2,750 shares of the industrial products company’s stock valued at $1,183,000 after buying an additional 1,812 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HUBB shares. Evercore lifted their target price on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wells Fargo & Company upped their price target on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley set a $515.00 price objective on Hubbell in a research report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Stock Performance

NYSE HUBB opened at $487.69 on Tuesday. The company’s fifty day moving average is $492.09 and its two-hundred day moving average is $456.70. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $533.80. 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 firm has a market capitalization of $25.93 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 2.38 and a beta of 1.00.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 EPS 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 analyst estimates of $1.49 billion. During the same quarter in the prior year, the business earned $4.10 earnings per share. 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 EPS for the current year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is 34.07%.

Insider Transactions at Hubbell

In other news, VP Katherine Anne Lane sold 4,610 shares of Hubbell stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $498.97, for a total value of $12,590,510.01. Following the sale, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. 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 90 days. Insiders own 0.76% of the company’s stock.

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.