Meeder Asset Management Inc. Takes Position in Hubbell Inc $HUBB

Meeder Asset Management Inc. acquired a new position in shares of Hubbell Inc (NYSE:HUBB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,650 shares of the industrial products company’s stock, valued at approximately $863,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in shares of Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after buying an additional 1,518 shares in the last quarter. Empowered Funds LLC grew its position in Hubbell by 18.9% during the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 196 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings 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 in the last quarter. Acadian Asset Management LLC bought a new position in Hubbell in the first quarter valued at about $599,000. Finally, EverSource Wealth Advisors LLC raised its position in Hubbell by 31.1% in the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HUBB shares. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Wells Fargo & Company upped their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. UBS Group reaffirmed a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Barclays raised their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $554.38.

Hubbell Trading Down 3.9%

Shares of HUBB stock opened at $484.45 on Wednesday. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The stock has a 50 day simple moving average of $495.82 and a two-hundred day simple moving average of $498.90. The company has a market cap of $25.59 billion, a P/E ratio of 28.68, a PEG ratio of 2.51 and a beta of 0.90.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.39 by $0.13. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Research analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s payout ratio is currently 33.63%.

Insider Buying and Selling at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is owned by insiders.

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.