Grandfield & Dodd LLC Invests $1.62 Million in Hubbell Inc $HUBB

Grandfield & Dodd LLC bought a new position in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,095 shares of the industrial products company’s stock, valued at approximately $1,619,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC boosted its holdings in shares of Hubbell by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after buying an additional 24 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Hubbell by 2.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 24 shares in the last quarter. Quest Investment Management LLC lifted its position in Hubbell by 1.3% in the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after acquiring an additional 25 shares during the last quarter. Gulf International Bank UK Ltd lifted its position in Hubbell by 1.1% in the fourth quarter. Gulf International Bank UK Ltd now owns 2,678 shares of the industrial products company’s stock valued at $1,189,000 after acquiring an additional 28 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its stake in Hubbell by 1.7% in the first quarter. Meeder Advisory Services Inc. now owns 1,698 shares of the industrial products company’s stock valued at $833,000 after acquiring an additional 28 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Trading Down 1.3%

NYSE HUBB opened at $504.73 on Tuesday. The firm’s fifty day moving average is $495.84 and its two-hundred day moving average is $498.91. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The firm has a market cap of $26.66 billion, a PE ratio of 29.88, a P/E/G ratio of 2.51 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 earnings per share for the quarter, topping the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Analysts expect that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Announces Dividend

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 given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is presently 33.63%.

Insider Buying and Selling at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction that occurred on Tuesday, August 11th. The stock was 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 in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HUBB. UBS Group reaffirmed a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Wells Fargo & Company boosted their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Barclays raised their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $554.38.

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.