Raiffeisen Bank International AG Decreases Stake in Hubbell Inc $HUBB

Raiffeisen Bank International AG lessened its holdings in shares of Hubbell Inc (NYSE:HUBB) by 71.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,579 shares of the industrial products company’s stock after selling 3,880 shares during the period. Raiffeisen Bank International AG’s holdings in Hubbell were worth $813,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HUBB. Syon Capital LLC boosted its holdings in shares of Hubbell by 7.4% during the 2nd quarter. Syon Capital LLC now owns 1,533 shares of the industrial products company’s stock worth $802,000 after purchasing an additional 106 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Hubbell by 47.6% in the second quarter. TD Waterhouse Canada Inc. now owns 955 shares of the industrial products company’s stock valued at $468,000 after purchasing an additional 308 shares during the last quarter. United Community Bank boosted its stake in Hubbell by 39.0% during the second quarter. United Community Bank now owns 552 shares of the industrial products company’s stock worth $289,000 after buying an additional 155 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Hubbell by 5.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,671 shares of the industrial products company’s stock valued at $1,397,000 after buying an additional 132 shares in the last quarter. Finally, NEOS Investment Management LLC grew its holdings in Hubbell by 16.0% in the 2nd quarter. NEOS Investment Management LLC now owns 8,326 shares of the industrial products company’s stock valued at $4,356,000 after buying an additional 1,151 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Up 0.2%

Shares of HUBB opened at $460.95 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The stock has a market capitalization of $24.35 billion, a PE ratio of 27.29, a P/E/G ratio of 2.25 and a beta of 0.89. The company’s 50-day simple moving average is $484.58 and its 200-day simple moving average is $495.36.

Hubbell (NYSE:HUBB) last posted its quarterly 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. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the firm posted $4.93 earnings per share. The company’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. Analysts forecast that Hubbell Inc will post 20.43 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is 33.63%.

Insider Transactions at Hubbell

In other Hubbell news, VP Jonathan Del Nero 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 value of $283,652.32. Following the sale, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HUBB. Robert W. Baird started coverage on shares of Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target on the stock. Morgan Stanley lifted their target price on shares of Hubbell from $565.00 to $575.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. UBS Group reissued a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $555.00.

Hubbell Company Profile

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.