1,500 Shares in Hubbell Inc $HUBB Purchased by Brasada Capital Management LP

Brasada Capital Management LP bought a new stake in shares of Hubbell Inc (NYSE:HUBB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,500 shares of the industrial products company’s stock, valued at approximately $785,000.

Several other hedge funds also recently modified their holdings of HUBB. Jones Financial Companies Lllp grew its position in shares of Hubbell by 171.9% during the 1st 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 during the period. Empowered Funds LLC lifted its holdings in Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after buying an additional 196 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Hubbell by 271.9% in the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after buying an additional 155 shares during the period. Acadian Asset Management LLC bought a new position in Hubbell in the first quarter valued at approximately $599,000. Finally, EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 111 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the stock in a transaction dated Tuesday, August 11th. The stock was 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 directly owned 2,933 shares in the company, valued at $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.63% of the company’s stock.

Hubbell Stock Down 0.5%

Shares of NYSE HUBB opened at $470.29 on Friday. Hubbell Inc has a 52-week low of $403.82 and a 52-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 market cap of $24.85 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.31 and a beta of 0.90. The firm has a 50 day moving average price of $492.88 and a 200 day moving average price of $497.69.

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

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 1.2%. Hubbell’s payout ratio is currently 33.63%.

Analysts Set New Price Targets

HUBB has been the subject of several recent research reports. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Barclays lifted their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Wells Fargo & Company upped their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Stephens increased their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and a consensus target price of $553.89.

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.