Hubbell Inc $HUBB Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its stake in Hubbell Inc (NYSE:HUBB) by 7.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 27,215 shares of the industrial products company’s stock after buying an additional 1,777 shares during the period. M&T Bank Corp’s holdings in Hubbell were worth $12,086,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Eads & Heald Wealth Management boosted its position in shares of Hubbell by 10.9% in the fourth quarter. Eads & Heald Wealth Management now owns 3,980 shares of the industrial products company’s stock worth $1,768,000 after acquiring an additional 390 shares during the last quarter. UBS Group AG boosted its position in shares of Hubbell by 36.6% in the fourth quarter. UBS Group AG now owns 292,730 shares of the industrial products company’s stock worth $130,004,000 after acquiring an additional 78,437 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Hubbell by 10.3% in the fourth quarter. Sanctuary Advisors LLC now owns 5,574 shares of the industrial products company’s stock worth $2,475,000 after acquiring an additional 520 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Hubbell by 6.9% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,013 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 65 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Hubbell in the 4th quarter valued at about $1,508,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Trading Down 1.6%

Shares of HUBB opened at $507.53 on Wednesday. The stock’s 50-day moving average is $508.38 and its two-hundred day moving average is $478.19. The stock has a market cap of $26.98 billion, a PE ratio of 29.98, a P/E/G ratio of 2.61 and a beta of 0.95. Hubbell Inc has a 12 month low of $346.07 and a 12 month high of $565.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts forecast that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 29th. Hubbell’s payout ratio is currently 33.55%.

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 34,689 shares of company stock worth $17,407,395. Company insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several research analyst reports. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Evercore lifted their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Mizuho set a $575.00 price objective on Hubbell in a research note on Wednesday, February 4th. Finally, Stephens lifted their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and a consensus target price of $546.25.

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.