OMERS ADMINISTRATION Corp Acquires Shares of 2,823 Hubbell Inc $HUBB

OMERS ADMINISTRATION Corp acquired a new stake in Hubbell Inc (NYSE:HUBB) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,823 shares of the industrial products company’s stock, valued at approximately $1,477,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HUBB. Sanctuary Advisors LLC acquired a new position in Hubbell during the second quarter valued at $3,799,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Hubbell during the 2nd quarter worth about $7,648,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Hubbell during the 2nd quarter worth about $10,597,000. Haverford Trust Co purchased a new position in shares of Hubbell during the 2nd quarter valued at about $453,000. Finally, Bank of Nova Scotia acquired a new position in shares of Hubbell in the 2nd quarter valued at about $2,913,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Robert W. Baird initiated coverage on Hubbell in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price on the stock. Barclays boosted their price target on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $553.89.

Hubbell Price Performance

Shares of Hubbell stock opened at $473.15 on Thursday. The firm has a market cap of $25.00 billion, a PE ratio of 28.01, a P/E/G ratio of 2.27 and a beta of 0.90. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average price of $493.96 and a 200 day moving average price of $497.92.

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

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Insider Transactions at Hubbell

In related news, VP Nero Jonathan M. Del sold 547 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

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.