Jupiter Topco LLC Purchases New Stake in Hubbell Inc $HUBB

Jupiter Topco LLC acquired a new position in shares of Hubbell Inc (NYSE:HUBB) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 115,421 shares of the industrial products company’s stock, valued at approximately $60,389,000. Jupiter Topco LLC owned about 0.22% of Hubbell at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Hubbell in the 2nd quarter worth about $2,455,986,000. Wellington Management Group LLP grew its position in shares of Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after buying an additional 1,468,701 shares during the last quarter. State Street Corp grew its position in shares of Hubbell by 1.8% during the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after buying an additional 40,623 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Hubbell during the second quarter worth about $783,142,000. Finally, Geode Capital Management LLC raised its stake in Hubbell by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after acquiring an additional 10,898 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HUBB. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group restated a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. 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’s stock. Based on data from MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and a consensus price target of $553.89.

Hubbell Trading Down 0.5%

Hubbell stock opened at $470.29 on Friday. 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 firm has a 50-day moving average price of $492.88 and a two-hundred day moving average price of $497.69. The firm has a market capitalization of $24.85 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.31 and a beta of 0.90. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last announced its quarterly 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. The company 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%. Hubbell’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Sell-side analysts expect that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Dividend Announcement

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

Insider Buying and Selling

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the sale, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. The trade was a 15.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.