Occidental Asset Management LLC Takes $7.12 Million Position in Hubbell Inc $HUBB

Occidental Asset Management LLC acquired a new position in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, Holdings Channel reports. The fund acquired 13,611 shares of the industrial products company’s stock, valued at approximately $7,121,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its position in Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Raiffeisen Bank International AG increased its holdings in shares of Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Hubbell during the 1st quarter valued at $33,000. DV Equities LLC purchased a new stake in shares of Hubbell during the 4th quarter valued at $33,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Hubbell during the 3rd quarter worth $33,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Price Performance

Shares of Hubbell stock opened at $504.73 on Tuesday. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 2.51 and a beta of 0.90. The company has a fifty day moving average of $495.84 and a 200-day moving average of $498.91. 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 (NYSE:HUBB) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. The company 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 quarter last year, the company earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities research analysts expect that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s payout ratio is currently 33.63%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stephens upped their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Wells Fargo & Company lifted their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Barclays upped their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

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 completion of the sale, the vice president owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.63% of the company’s stock.

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.