Alyssa Flynn Sells 2,011 Shares of Hubbell (NYSE:HUBB) Stock

Hubbell Inc (NYSE:HUBB) insider Alyssa Flynn sold 2,011 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $470.32, for a total transaction of $945,813.52. Following the sale, the insider owned 3,243 shares of the company’s stock, valued at approximately $1,525,247.76. This represents a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hubbell Stock Down 1.4%

Hubbell stock opened at $461.65 on Friday. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $484.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.36. The firm has a market cap of $24.53 billion, a PE ratio of 28.64, a P/E/G ratio of 2.60 and a beta of 1.00. The firm’s 50 day moving average price is $435.75 and its two-hundred day moving average price is $413.93.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.19. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $4.49 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. On average, research analysts predict that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $1.42 per share. This is a boost from Hubbell’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 35.24%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HUBB. Private Trust Co. NA grew its position in shares of Hubbell by 60.4% in the first quarter. Private Trust Co. NA now owns 292 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 110 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Hubbell by 1,462.9% during the 1st quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company’s stock valued at $2,596,000 after purchasing an additional 7,344 shares during the period. OneDigital Investment Advisors LLC grew its holdings in Hubbell by 5.3% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,750 shares of the industrial products company’s stock valued at $1,241,000 after buying an additional 188 shares during the last quarter. Fullcircle Wealth LLC acquired a new stake in Hubbell in the 1st quarter valued at approximately $252,000. Finally, Crossmark Global Holdings Inc. increased its position in Hubbell by 101.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 4,417 shares of the industrial products company’s stock worth $1,462,000 after buying an additional 2,226 shares during the period. Institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HUBB shares. Stephens reissued an “overweight” rating and issued a $500.00 price target on shares of Hubbell in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Mizuho boosted their target price on shares of Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen upgraded shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Hubbell from $490.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and an average target price of $477.83.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.