Corient Private Wealth LP Takes $4.25 Million Position in Hubbell Inc $HUBB

Corient Private Wealth LP purchased a new stake in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, Holdings Channel reports. The fund purchased 8,131 shares of the industrial products company’s stock, valued at approximately $4,254,000.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its position in Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares during the period. Raiffeisen Bank International AG grew its holdings in Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new position in Hubbell during the 2nd quarter worth $35,000. Leonteq Securities AG bought a new position in Hubbell during the 1st quarter worth $33,000. Finally, Fiduciary Financial Advisors acquired a new stake in shares of Hubbell during the second quarter worth $37,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Down 1.5%

Shares of Hubbell stock opened at $452.99 on Tuesday. 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 company has a market capitalization of $23.93 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.25 and a beta of 0.90. The firm’s 50-day moving average price is $489.86 and its two-hundred day moving average price is $497.02.

Hubbell (NYSE:HUBB) last issued 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 net margin of 14.49% and a return on equity of 27.11%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the company earned $4.93 EPS. The business’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. On average, analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 31st. Hubbell’s payout ratio is currently 33.63%.

Insider Buying and Selling

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the company’s 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 completion of the sale, the vice president directly owned 2,933 shares in the company, valued at $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on HUBB. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Stephens lifted their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Robert W. Baird began coverage on Hubbell in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price target for the company. Finally, Barclays increased their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $553.89.

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.