Key Points
- Hubbell VP Nero Jonathan Del sold 547 shares at an average price of $518.56, totaling $283,652.32. His remaining direct ownership fell 15.72% to 2,933 shares.
- Hubbell reported stronger-than-expected quarterly results, with EPS of $5.52 versus a $5.39 consensus and revenue of $1.71 billion, up 15.3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $20.25–$20.55.
- The company declared a quarterly dividend of $1.42 per share, equivalent to $5.68 annually and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $554.38.
Hubbell Inc (NYSE:HUBB - Get Free Report) VP Nero Jonathan Del sold 547 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the sale, the vice president directly owned 2,933 shares of the company's stock, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Hubbell Stock Performance
NYSE:HUBB opened at $507.06 on Friday. The firm has a market cap of $26.79 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.90. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The firm's fifty day moving average price is $494.73 and its 200 day moving average price is $498.59.
Hubbell (NYSE:HUBB - Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.39 by $0.13. The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, sell-side analysts expect that Hubbell Inc will post 20.41 EPS for the current year.
Hubbell Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell's payout ratio is currently 33.63%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on HUBB. Weiss Ratings cut shares of Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 14th. Barclays raised their price objective on Hubbell from $481.00 to $503.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. Wells Fargo & Company lifted their price target on Hubbell from $530.00 to $560.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. UBS Group reiterated a "neutral" rating and issued a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Finally, Wall Street Zen downgraded shares of Hubbell from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Hubbell presently has a consensus rating of "Moderate Buy" and a consensus price target of $554.38.
Check Out Our Latest Stock Analysis on Hubbell
Hedge Funds Weigh In On Hubbell
Several hedge funds have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. raised its holdings in shares of Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company's stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Raiffeisen Bank International AG increased its position in Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company's stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Baillie Gifford & Co. raised its stake in Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 27 shares during the last quarter. Leonteq Securities AG acquired a new position in Hubbell in the 1st quarter valued at about $33,000. Finally, DV Equities LLC purchased a new position in Hubbell in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 88.16% of the company's stock.
About Hubbell
(
Get Free Report)
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.
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