1,368 Shares in Hubbell Inc $HUBB Acquired by Centric Wealth Management

Centric Wealth Management bought a new position in Hubbell Inc (NYSE:HUBB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,368 shares of the industrial products company’s stock, valued at approximately $706,000.

Several other institutional investors also recently bought and sold shares of HUBB. Wellington Management Group LLP increased its stake in Hubbell by 140.4% in the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after purchasing an additional 1,468,701 shares during the last quarter. State Street Corp boosted its stake in Hubbell by 1.8% in the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after buying an additional 40,623 shares during the last quarter. Geode Capital Management LLC boosted its stake in Hubbell by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after buying an additional 10,898 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Hubbell by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock valued at $539,257,000 after buying an additional 60,071 shares during the period. Finally, Deutsche Bank AG grew its holdings in Hubbell by 0.8% in the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock valued at $507,356,000 after buying an additional 9,202 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Up 1.1%

Shares of HUBB stock opened at $512.48 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The firm’s 50 day moving average price is $495.46 and its two-hundred day moving average price is $498.69. The stock has a market cap of $27.07 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.51 and a beta of 0.90.

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

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio is currently 33.63%.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the firm’s 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 transaction, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

HUBB has been the subject of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Barclays increased their price target on shares of 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 lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Stephens boosted their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and an average price target of $554.38.

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.