Willis Investment Counsel Raises Stock Holdings in Hubbell Inc $HUBB

Willis Investment Counsel boosted its position in Hubbell Inc (NYSE:HUBB) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,527 shares of the industrial products company’s stock after buying an additional 1,479 shares during the quarter. Willis Investment Counsel owned approximately 0.05% of Hubbell worth $12,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HUBB. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after buying an additional 34 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after buying an additional 41 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in Hubbell by 630.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after buying an additional 63 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Hubbell in the third quarter worth approximately $33,000. Finally, Mather Group LLC. purchased a new stake in Hubbell in the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HUBB. Stephens reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research note on Thursday, February 5th. Morgan Stanley upped their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Mizuho set a $575.00 target price on Hubbell in a research note on Wednesday, February 4th. Barclays upped their target price on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $533.50.

Insider Buying and Selling

In related news, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. This represents a 50.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at $32,143,647.40. The trade was a 28.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 34,689 shares of company stock worth $17,407,395. 0.66% of the stock is owned by company insiders.

Hubbell Stock Performance

NYSE:HUBB opened at $526.99 on Thursday. The firm has a market cap of $28.01 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.00. Hubbell Inc has a fifty-two week low of $314.78 and a fifty-two week high of $533.80. 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 has a 50 day moving average price of $498.16 and a 200-day moving average price of $464.14.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities research analysts predict 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 was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, February 27th. Hubbell’s dividend payout ratio is 34.07%.

Hubbell Company 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.