Generali Asset Management SPA SGR Has $1.70 Million Stock Position in Hubbell Inc $HUBB

Generali Asset Management SPA SGR trimmed its position in Hubbell Inc (NYSE:HUBB) by 29.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,833 shares of the industrial products company’s stock after selling 1,626 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Hubbell were worth $1,702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Hubbell in the third quarter worth about $162,309,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Hubbell by 15.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after purchasing an additional 226,856 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of Hubbell by 355.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after purchasing an additional 173,668 shares during the period. Boston Partners lifted its position in shares of Hubbell by 30.7% in the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after purchasing an additional 172,990 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new stake in shares of Hubbell in the second quarter worth approximately $68,164,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the transaction, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the transaction, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. This represents a 23.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,456 shares of company stock worth $4,816,885. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 price target on shares of Hubbell in a research report on Wednesday, February 4th. Morgan Stanley upped their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Monday, May 4th. Finally, Barclays upped their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Hubbell has an average rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Trading Down 0.2%

NYSE:HUBB opened at $492.08 on Friday. The stock’s 50 day moving average price is $507.42 and its 200 day moving average price is $479.18. Hubbell Inc has a 52 week low of $353.52 and a 52 week high of $565.50. The company has a market capitalization of $26.16 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $3.50 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, research analysts forecast that Hubbell Inc will post 19.81 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $1.42 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio is currently 33.55%.

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.