Hubbell Inc $HUBB Stock Holdings Lifted by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC raised its position in shares of Hubbell Inc (NYSE:HUBB) by 19.4% in the fourth quarter, HoldingsChannel reports. The firm owned 39,090 shares of the industrial products company’s stock after buying an additional 6,344 shares during the quarter. Hubbell makes up 2.8% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Bourgeon Capital Management LLC’s holdings in Hubbell were worth $17,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Hubbell during the third quarter valued at about $162,309,000. Troy Asset Management Ltd purchased a new position in shares of Hubbell in the second quarter valued at about $132,540,000. Bain Capital Public Equity Management II LLC bought a new position in shares of Hubbell in the second quarter worth about $132,286,000. Massachusetts Financial Services Co. MA grew its position in shares of Hubbell by 15.9% during the third 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 in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Hubbell by 355.8% during the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock worth $95,738,000 after purchasing an additional 173,668 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of Hubbell stock opened at $490.50 on Wednesday. The stock’s fifty day moving average is $496.08 and its two-hundred day moving average is $461.60. The company has a market capitalization of $26.08 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.39 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. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $533.80.

Hubbell (NYSE:HUBB) last released 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. The business had revenue of $1.49 billion during 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 business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, analysts expect that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

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

Analyst Ratings Changes

HUBB has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. 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 restated a “neutral” rating and set a $450.00 target price on shares of Hubbell in a research report on Friday, December 12th. Finally, Mizuho set a $575.00 target price on shares of Hubbell in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $536.00.

Insider Activity at Hubbell

In other 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 owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the sale, the chief executive officer owned 64,420 shares of the company’s stock, valued at $32,143,647.40. The trade was a 28.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,689 shares of company stock valued at $17,407,395 in the last quarter. Corporate 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.