14,618 Shares in Hubbell Inc $HUBB Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Hubbell Inc (NYSE:HUBB) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 14,618 shares of the industrial products company’s stock, valued at approximately $7,648,000.

Several other large investors also recently modified their holdings of HUBB. Jones Financial Companies Lllp increased its holdings in Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after buying an additional 1,518 shares during the period. Empowered Funds LLC increased its stake in Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 196 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Hubbell in the 1st quarter valued at $599,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after buying an additional 111 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HUBB shares. Stephens upped their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Robert W. Baird started coverage on Hubbell in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target on the stock. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and an average target price of $553.89.

Insider Activity

In other news, VP Nero Jonathan M. Del sold 547 shares of the firm’s 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 completion of the sale, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.63% of the company’s stock.

Hubbell Stock Performance

HUBB stock opened at $473.15 on Thursday. The stock has a 50-day moving average price of $493.96 and a 200-day moving average price of $497.92. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The firm has a market cap of $25.00 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.27 and a beta of 0.90.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company earned $4.93 EPS. 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 expect that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Dividend Announcement

The firm 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 dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

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.