2,087 Hubbell Inc $HUBB Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC decreased its position in Hubbell Inc (NYSE:HUBB) by 60.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,384 shares of the industrial products company’s stock after selling 2,087 shares during the period. Stableford Capital II LLC’s holdings in Hubbell were worth $628,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. raised its position in Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Schuylkill Financial LLC acquired a new position in Hubbell during the 2nd quarter worth approximately $30,000. Keating Financial Advisory Services Inc. bought a new position in shares of Hubbell during the 2nd quarter worth approximately $35,000. Leonteq Securities AG bought a new position in shares of Hubbell during the 1st quarter worth approximately $33,000. Finally, Fiduciary Financial Advisors acquired a new stake in shares of Hubbell in the second quarter valued at approximately $37,000. 88.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Jonathan Del Nero sold 547 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction 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. This represents a 15.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.63% of the stock is owned by corporate insiders.

Hubbell Stock Performance

NYSE HUBB opened at $475.70 on Friday. The stock has a market cap of $25.13 billion, a PE ratio of 28.16, a P/E/G ratio of 2.37 and a beta of 0.85. 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 firm has a 50-day moving average of $472.25 and a 200-day moving average of $489.07. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.39 by $0.13. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, sell-side analysts anticipate that Hubbell Inc will post 20.45 EPS for the current year.

Hubbell Announces Dividend

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

Analyst Ratings Changes

HUBB has been the topic of several analyst reports. UBS Group reissued a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Robert W. Baird initiated coverage on Hubbell in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price on the stock. Wells Fargo & Company assumed coverage on Hubbell in a report on Thursday, September 24th. They set an “equal weight” rating and a $531.00 target price on the stock. Finally, Seaport Research Partners reissued a “buy” rating and set a $580.00 price target on shares of Hubbell in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $551.78.

About Hubbell

Hubbell Incorporated (NYSE:HUBB) designs and manufactures electrical and utility products used to support the generation, transmission, distribution and control of electricity. The company serves electric utilities, electrical contractors, industrial businesses, commercial facilities and communications infrastructure providers.

Its Utility Solutions products include transmission and distribution equipment, connectors, insulators, arresters, grounding and bonding products, substation equipment, and enclosures for underground electrical systems.