Fox Run Management L.L.C. Makes New $849,000 Investment in Hubbell Inc $HUBB

Fox Run Management L.L.C. bought a new position in shares of Hubbell Inc (NYSE:HUBB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,974 shares of the industrial products company’s stock, valued at approximately $849,000.

A number of other institutional investors also recently modified their holdings of HUBB. Hantz Financial Services Inc. raised its stake in Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Mather Group LLC. bought a new position in shares of Hubbell during the third quarter worth approximately $37,000. Root Financial Partners LLC acquired a new stake in shares of Hubbell in the third quarter valued at approximately $45,000. SBI Securities Co. Ltd. raised its position in shares of Hubbell by 278.1% in the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after buying an additional 89 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its position in shares of Hubbell by 185.4% in the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after buying an additional 89 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group restated a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Morgan Stanley set a $515.00 price target on Hubbell in a research report on Wednesday, January 7th. Stephens reaffirmed an “overweight” rating and set a $550.00 price objective on shares of Hubbell in a research report on Thursday, February 5th. Barclays increased their price objective on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Finally, Mizuho set a $575.00 target price on shares of Hubbell in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $529.75.

Insider Buying and Selling

In other news, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction dated 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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were 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 owned 64,420 shares in the company, valued at $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,689 shares of company stock valued at $17,407,395 over the last 90 days. 0.66% of the stock is owned by corporate insiders.

Hubbell Trading Down 0.7%

Shares of Hubbell stock opened at $524.07 on Friday. The firm has a market capitalization of $27.86 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.67 and a beta of 1.02. 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 firm’s 50 day moving average is $486.59 and its 200 day moving average is $453.41. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.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 firm earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities research analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

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.