The Czech National Bank has made a significant investment in Hubbell Incorporated (NYSE:HUBB) by acquiring 9,393 shares of the company’s stock, valued at approximately $3,090,000. This move indicates growing interest from institutional investors in the industrial products company.
Notably, several other hedge funds have also shown interest in Hubbell. Coppell Advisory Solutions LLC, First Manhattan Co., Atlas Capital Advisors LLC, and Coppell Advisory Solutions Corp. are among the entities that have purchased stakes in the company. Additionally, IFP Advisors Inc increased its stake in Hubbell by 120.6% during the second quarter.
Financial analysts have been closely monitoring Hubbell’s performance, with Barclays, StockNews.com, Wells Fargo & Company, TD Cowen, and Deutsche Bank Aktiengesellschaft providing insights and ratings on the company’s stock. The consensus rating for Hubbell based on MarketBeat data is ‘Hold,’ with an average target price of $363.57.
Furthermore, recent insider trading activity at Hubbell saw VP Nero Jonathan M. Del selling 1,098 shares of the company’s stock in February.
