Hubbell Inc $HUBB Position Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in shares of Hubbell Inc (NYSE:HUBB) by 15.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 319,864 shares of the industrial products company’s stock after purchasing an additional 42,295 shares during the period. PNC Financial Services Group Inc. owned 0.60% of Hubbell worth $137,641,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after buying an additional 1,518 shares during the period. Empowered Funds LLC increased its position in Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Hubbell during the 1st quarter valued at about $599,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Hubbell during the 2nd quarter valued at about $231,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several recent research reports. Stephens reaffirmed an “overweight” rating and set a $550.00 price objective on shares of Hubbell in a research report on Thursday, February 5th. Wells Fargo & Company increased their price target on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Morgan Stanley set a $515.00 price objective on shares of Hubbell in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price target on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Stock Performance

Shares of HUBB opened at $523.64 on Monday. The company has a market capitalization of $27.83 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. Hubbell Inc has a one year low of $299.42 and a one year high of $533.80. The company’s fifty day moving average price is $471.98 and its 200 day moving average price is $447.57.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business posted $4.10 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. 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 Announces Dividend

The business 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. The ex-dividend date is Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

Insider Transactions at Hubbell

In other news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the transaction, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $498.97, for a total transaction 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 approximately $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. Over the last quarter, insiders have sold 32,088 shares of company stock worth $16,045,173. 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.