Tema Etfs LLC Has $10.98 Million Position in Hubbell Inc $HUBB

Tema Etfs LLC raised its stake in Hubbell Inc (NYSE:HUBB) by 84.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,725 shares of the industrial products company’s stock after acquiring an additional 11,340 shares during the period. Hubbell makes up about 0.9% of Tema Etfs LLC’s portfolio, making the stock its 25th biggest holding. Tema Etfs LLC’s holdings in Hubbell were worth $10,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Townsquare Capital LLC increased its position in shares of Hubbell by 0.8% in the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after purchasing an additional 22 shares during the period. Unique Wealth LLC lifted its position in Hubbell by 2.6% during the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 23 shares during the period. GAMMA Investing LLC grew its stake in Hubbell by 2.2% during the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock worth $473,000 after buying an additional 23 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after buying an additional 24 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Hubbell by 5.5% in the 3rd quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock valued at $207,000 after buying an additional 25 shares during the period. 88.16% of the stock is currently owned by institutional investors.

Insider Activity at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the sale, the insider owned 2,592 shares in the company, valued at $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Nero Jonathan M. Del sold 2,245 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the sale, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 34,689 shares of company stock worth $17,407,395. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HUBB shares. Stephens restated an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research report on Thursday, February 5th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Barclays lifted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Evercore upped their target price on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating 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. Based on data from MarketBeat, Hubbell presently has an average rating of “Moderate Buy” and an average price target of $533.50.

Hubbell Stock Up 2.1%

Shares of NYSE HUBB opened at $500.92 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The company has a market cap of $26.63 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.48 and a beta of 1.00. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The stock has a 50-day moving average price of $496.47 and a two-hundred day moving average price of $461.88.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. The firm 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 prior year, the business earned $4.10 earnings per share. 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 fiscal 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 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 1.1%. Hubbell’s dividend payout ratio is presently 34.07%.

Hubbell Profile

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.