Meeder Advisory Services Inc. Invests $841,000 in Hubbell Inc $HUBB

Meeder Advisory Services Inc. bought a new position in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,607 shares of the industrial products company’s stock, valued at approximately $841,000.

Other large investors have also added to or reduced their stakes in the company. DNB Asset Management AS grew its stake in Hubbell by 4.9% in the fourth quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock valued at $17,260,000 after purchasing an additional 1,832 shares in the last quarter. Swedbank AB increased its position in shares of Hubbell by 19.2% during the 1st quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock worth $15,890,000 after purchasing an additional 5,218 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Hubbell by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 205,775 shares of the industrial products company’s stock worth $91,396,000 after purchasing an additional 7,100 shares in the last quarter. Vest Financial LLC bought a new stake in shares of Hubbell during the 4th quarter worth approximately $1,589,000. Finally, Davidson Capital Management Inc. acquired a new stake in shares of Hubbell in the 4th quarter valued at approximately $1,566,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Stephens upped their price target 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. Wells Fargo & Company increased their price target 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. UBS Group reissued a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Finally, Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Stock Performance

HUBB opened at $475.88 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The business has a 50 day moving average of $495.99 and a 200-day moving average of $498.75. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.37 and a beta of 0.90.

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

Hubbell Dividend Announcement

The business also recently disclosed 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. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s payout ratio is currently 33.63%.

Insider Activity at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the transaction, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.63% of the stock is currently owned by corporate insiders.

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.