Stableford Capital II LLC Raises Position in Hubbell Inc $HUBB

Stableford Capital II LLC lifted its position in Hubbell Inc (NYSE:HUBB) by 34.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,173 shares of the industrial products company’s stock after acquiring an additional 1,070 shares during the period. Stableford Capital II LLC’s holdings in Hubbell were worth $1,853,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 41 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in Hubbell by 630.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 63 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Hubbell in the 3rd quarter worth $33,000. Mather Group LLC. purchased a new position in shares of Hubbell in the third quarter worth $37,000. Finally, Grove Bank & Trust raised its stake in shares of Hubbell by 104.9% in the fourth quarter. Grove Bank & Trust now owns 84 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Down 4.5%

HUBB stock opened at $480.39 on Friday. The company has a market cap of $25.54 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 2.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The business’s 50-day moving average is $496.29 and its two-hundred day moving average is $460.48. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $4.10 EPS. The business’s quarterly 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 forecast that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

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

Insider Buying and Selling at Hubbell

In other news, insider Mark Eugene Mikes sold 2,601 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the sale, the insider owned 2,592 shares of the company’s stock, valued at $1,357,508.16. The trade was a 50.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gerben Bakker sold 25,233 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 34,689 shares of company stock valued at $17,407,395 in the last ninety days. Corporate insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HUBB shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Barclays upped their target price on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $450.00 price target on shares of Hubbell in a research note on Friday, December 12th. Stephens reissued an “overweight” rating and set a $550.00 price objective on shares of Hubbell in a report on Thursday, February 5th. Finally, Evercore increased their price objective on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target 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.