Securian Asset Management Inc. Decreases Holdings in Hubbell Inc $HUBB

Securian Asset Management Inc. decreased its stake in Hubbell Inc (NYSE:HUBB) by 45.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,410 shares of the industrial products company’s stock after selling 1,189 shares during the quarter. Securian Asset Management Inc.’s holdings in Hubbell were worth $626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in Hubbell by 4.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock valued at $38,611,000 after buying an additional 3,542 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Hubbell by 64.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock worth $1,669,000 after buying an additional 1,514 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Hubbell by 15.7% during the third quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock valued at $87,333,000 after acquiring an additional 27,576 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Hubbell by 32.4% during the fourth quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock valued at $7,372,000 after acquiring an additional 4,060 shares during the last quarter. Finally, Walter Public Investments Inc. lifted its position in shares of Hubbell by 33.3% in the third quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock valued at $15,098,000 after acquiring an additional 8,774 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Evercore raised their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Mizuho set a $575.00 price target on shares of Hubbell in a research report on Wednesday, February 4th. Wells Fargo & Company upped their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Barclays increased their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $546.25.

Hubbell Price Performance

Shares of HUBB opened at $481.64 on Friday. Hubbell Inc has a 1-year low of $374.68 and a 1-year high of $565.50. The stock has a market cap of $25.60 billion, a PE ratio of 28.45, a P/E/G ratio of 2.44 and a beta of 0.95. The firm has a 50-day simple moving average of $504.75 and a two-hundred day simple moving average of $481.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping the consensus estimate of $3.87 by $0.06. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, analysts forecast that Hubbell Inc will post 19.83 EPS for the current year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

Insider Activity at Hubbell

In other news, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider directly owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

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.