Hubbell Inc $HUBB Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. increased its holdings in Hubbell Inc (NYSE:HUBB) by 1.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 268,398 shares of the industrial products company’s stock after purchasing an additional 5,111 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Hubbell were worth $115,494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its position in shares of Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Mather Group LLC. purchased a new position in Hubbell during the third quarter worth $37,000. Root Financial Partners LLC acquired a new position in shares of Hubbell in the third quarter worth $45,000. SBI Securities Co. Ltd. lifted its position in shares of Hubbell by 278.1% in the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 89 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its position in shares of Hubbell by 185.4% in the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Down 2.5%

Shares of NYSE HUBB opened at $511.22 on Monday. The stock has a market capitalization of $27.18 billion, a PE ratio of 30.67, a P/E/G ratio of 2.59 and a beta of 1.00. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $487.96 and a 200-day moving average of $454.28. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $533.80.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company posted $4.10 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, analysts anticipate that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s payout ratio is currently 34.07%.

Insider Transactions at Hubbell

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the 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 owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $1,362,221.73. Following the completion of the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. The trade was a 50.09% 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 90 days. Company insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on HUBB. Stephens reissued an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research note on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. UBS Group reissued a “neutral” rating and set a $450.00 price target on shares of Hubbell in a research note on Friday, December 12th. Finally, Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Monday, February 16th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $529.75.

Hubbell 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.