Hubbell Inc $HUBB Shares Sold by Covea Finance

Covea Finance trimmed its position in Hubbell Inc (NYSE:HUBB) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,558 shares of the industrial products company’s stock after selling 8,150 shares during the period. Covea Finance owned about 0.12% of Hubbell worth $28,227,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Townsquare Capital LLC grew its holdings in shares of Hubbell by 0.8% during the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after buying an additional 22 shares in the last quarter. Unique Wealth LLC lifted its stake in shares of Hubbell by 2.6% during the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after buying an additional 23 shares during the period. GAMMA Investing LLC lifted its stake in shares of Hubbell by 2.2% during the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after buying an additional 23 shares during the period. Benjamin Edwards Inc. boosted its position in Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 24 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Hubbell by 5.5% during the third quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 25 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Price Performance

Shares of Hubbell stock opened at $475.97 on Friday. The business’s fifty day moving average price is $494.97 and its 200 day moving average price is $458.75. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $533.80. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $25.30 billion, a P/E ratio of 28.55, a PEG ratio of 2.49 and a beta of 1.00.

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

Hubbell Announces Dividend

The firm 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 was Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

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 transaction, the vice president directly owned 2,769 shares of the company’s stock, valued at $1,386,161.40. The trade was a 44.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the business’s 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 represents a 23.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 34,689 shares of company stock valued at $17,407,395. 0.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on HUBB. Evercore boosted their price target on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 price objective on Hubbell in a report on Wednesday, February 4th. Barclays lifted their price objective on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley raised their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.