NEOS Investment Management LLC Raises Holdings in Hubbell Inc $HUBB

NEOS Investment Management LLC lifted its position in shares of Hubbell Inc (NYSE:HUBB) by 16.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,326 shares of the industrial products company’s stock after buying an additional 1,151 shares during the quarter. NEOS Investment Management LLC’s holdings in Hubbell were worth $4,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HUBB. Pinnacle Bancorp Inc. raised its holdings in shares of Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Raiffeisen Bank International AG grew its holdings in Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Leonteq Securities AG bought a new position in Hubbell during the 1st quarter worth about $33,000. DV Equities LLC purchased a new position in Hubbell during the 4th quarter valued at about $33,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Hubbell during the 3rd quarter valued at about $33,000. Institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Finally, Robert W. Baird assumed coverage on Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 target price on the stock. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $555.00.

Hubbell Trading Up 0.0%

NYSE:HUBB opened at $460.95 on Monday. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. The firm has a 50 day moving average of $484.58 and a 200 day moving average of $495.16. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $24.35 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.25 and a beta of 0.89.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion for 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 business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, sell-side analysts anticipate that Hubbell Inc will post 20.43 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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 $1.42 dividend. The ex-dividend date of this dividend 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 currently 33.63%.

Insider Activity

In other news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction 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 completion of the sale, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Hubbell 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.