Meeder Advisory Services Inc. Invests $841,000 in Hubbell Inc $HUBB

Meeder Advisory Services Inc. purchased a new stake in Hubbell Inc (NYSE:HUBB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,607 shares of the industrial products company’s stock, valued at approximately $841,000.

A number of other hedge funds have also modified their holdings of HUBB. BlackRock Inc. acquired a new position in Hubbell during the second quarter valued at approximately $2,455,986,000. Bank of New York Mellon Corp bought a new position in shares of Hubbell during the second quarter worth $783,142,000. Wellington Management Group LLP boosted its position in shares of Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Hubbell in the 2nd quarter valued at $610,053,000. Finally, Boston Partners grew its holdings in shares of Hubbell by 37.8% in the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after buying an additional 278,649 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on HUBB shares. 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. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Stephens raised their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company lifted their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Stock Down 1.6%

Shares of HUBB stock opened at $475.88 on Thursday. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The firm has a fifty day moving average of $495.99 and a 200-day moving average of $498.75. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.37 and a beta of 0.90.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data 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 business had revenue of $1.71 billion for 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 firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities research analysts predict that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s payout ratio is 33.63%.

Insider Activity at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the business’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 sale, the vice president directly owned 2,933 shares in the company, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.63% of the stock is currently owned by company insiders.

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.