Sanctuary Advisors LLC Invests $3.80 Million in Hubbell Inc $HUBB

Sanctuary Advisors LLC acquired a new stake in Hubbell Inc (NYSE:HUBB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,261 shares of the industrial products company’s stock, valued at approximately $3,799,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBB. DNB Asset Management AS boosted its holdings in Hubbell by 4.9% in the fourth quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock worth $17,260,000 after purchasing an additional 1,832 shares during the period. Swedbank AB raised its holdings in shares of Hubbell by 19.2% during the first quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock worth $15,890,000 after purchasing an additional 5,218 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Hubbell by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 205,775 shares of the industrial products company’s stock worth $91,396,000 after purchasing an additional 7,100 shares during the period. Vest Financial LLC acquired a new stake in shares of Hubbell during the fourth quarter worth $1,589,000. Finally, Troy Asset Management Ltd lifted its position in shares of Hubbell by 60.7% in the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after buying an additional 208,327 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insider Activity

In related news, VP Nero Jonathan M. Del sold 547 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the transaction, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of recent research reports. UBS Group reaffirmed a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Robert W. Baird assumed coverage on Hubbell in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. Stephens upped their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Finally, Barclays increased their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Hubbell has an average rating of “Moderate Buy” and a consensus target price of $553.89.

Hubbell Stock Down 0.6%

Hubbell stock opened at $464.05 on Wednesday. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 2.29 and a beta of 0.90. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The firm has a fifty day moving average price of $494.67 and a two-hundred day moving average price of $498.02. 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 (NYSE:HUBB) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is presently 33.63%.

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.