Commerce Bank Invests $13.46 Million in Hubbell Inc $HUBB

Commerce Bank purchased a new position in shares of Hubbell Inc (NYSE:HUBB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 25,729 shares of the industrial products company’s stock, valued at approximately $13,461,000.

Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its position in shares of Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Raiffeisen Bank International AG grew its holdings in shares of Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new position in shares of Hubbell in the second quarter worth about $35,000. Leonteq Securities AG bought a new position in shares of Hubbell in the first quarter worth about $33,000. Finally, DV Equities LLC purchased a new position in Hubbell in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

HUBB stock opened at $470.69 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The business has a 50-day moving average price of $495.92 and a 200 day moving average price of $498.43. The company has a market capitalization of $24.87 billion, a P/E ratio of 27.87, a PEG ratio of 2.30 and a beta of 0.90. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50.

Hubbell (NYSE:HUBB) last released its quarterly earnings data 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. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the firm earned $4.93 earnings per share. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities research analysts forecast that Hubbell Inc will post 20.41 EPS for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

Analyst Upgrades and Downgrades

HUBB has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. UBS Group reaffirmed a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Barclays boosted their price target on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, Stephens increased their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note 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 given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $553.89.

Insider Activity

In other news, VP Nero Jonathan M. Del sold 547 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following 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 document filed with the Securities & Exchange Commission, 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.