iSAM Funds UK Ltd Buys New Position in Hubbell Inc $HUBB

iSAM Funds UK Ltd bought a new stake in shares of Hubbell Inc (NYSE:HUBB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,105 shares of the industrial products company’s stock, valued at approximately $1,766,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners bought a new position in shares of Hubbell in the second quarter valued at approximately $230,691,000. Troy Asset Management Ltd bought a new stake in Hubbell during the second quarter worth approximately $132,540,000. Bain Capital Public Equity Management II LLC acquired a new stake in Hubbell in the second quarter worth approximately $132,286,000. Massachusetts Financial Services Co. MA lifted its position in Hubbell by 15.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after purchasing an additional 226,856 shares during the period. Finally, Merewether Investment Management LP bought a new position in Hubbell during the 2nd quarter valued at $68,164,000. 88.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, the vice president owned 14,913 shares in the company, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the sale, the vice president directly owned 2,769 shares of the company’s stock, valued at $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 34,689 shares of company stock worth $17,407,395. Company insiders own 0.66% of the company’s stock.

Hubbell Price Performance

NYSE HUBB opened at $467.52 on Friday. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80. The business’s fifty day moving average is $493.98 and its two-hundred day moving average is $457.40. The stock has a market capitalization of $24.85 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.

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, topping the consensus estimate of $4.70 by $0.03. The business 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 company’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, research analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $1.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 34.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HUBB. Mizuho set a $575.00 price target on Hubbell in a research report on Wednesday, February 4th. Evercore upped their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Morgan Stanley raised their target price on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Barclays boosted their price target on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus target price of $536.00.

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.