Mirabella Financial Services LLP Sells 3,322 Shares of Hubbell Inc $HUBB

Mirabella Financial Services LLP trimmed its position in shares of Hubbell Inc (NYSE:HUBB) by 20.2% in the third quarter, Holdings Channel reports. The fund owned 13,151 shares of the industrial products company’s stock after selling 3,322 shares during the quarter. Mirabella Financial Services LLP’s holdings in Hubbell were worth $5,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in HUBB. Envestnet Asset Management Inc. lifted its holdings in shares of Hubbell by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock valued at $38,611,000 after acquiring an additional 3,542 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Hubbell by 64.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock valued at $1,669,000 after purchasing an additional 1,514 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Hubbell by 15.7% during the third quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock worth $87,333,000 after purchasing an additional 27,576 shares during the last quarter. Walter Public Investments Inc. increased its stake in shares of Hubbell by 33.3% in the third quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock valued at $15,098,000 after buying an additional 8,774 shares in the last quarter. Finally, Troy Asset Management Ltd lifted its position in Hubbell by 5.8% during the 3rd quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock worth $147,722,000 after buying an additional 18,767 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction dated 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 transaction, the vice president owned 14,913 shares in the company, valued at approximately $7,540,012.80. This trade 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 business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, 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 ownership of the stock. 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 in the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Hubbell Trading Up 1.2%

Shares of NYSE HUBB opened at $472.97 on Tuesday. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The firm has a market capitalization of $25.14 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.36 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The company’s 50 day simple moving average is $494.12 and its 200 day simple moving average is $457.77.

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

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a $1.42 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is presently 34.07%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HUBB. JPMorgan Chase & Co. upped their target price on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Evercore boosted their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Mizuho set a $575.00 target price on Hubbell in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company boosted their target price on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research report 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $536.00.

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.