BNY Mellon (HUBB holder) discloses 4.1% beneficial stake in Hubbell Inc.
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
The Bank of New York Mellon Corporation filed an amended Schedule 13G reporting its beneficial ownership of Hubbell Inc. common stock. The firm reports beneficial ownership of 2,166,691 shares, representing 4.1% of the outstanding common stock, as of the event date.
The filing details 2,066,736 shares with sole voting power and 2,049 shares with shared voting power. It also reports 1,514,129 shares with sole dispositive power and 652,553 shares with shared dispositive power. The shares are certified as held in the ordinary course of business and not for the purpose of changing or influencing control of Hubbell.
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FAQ
What is the total beneficial ownership disclosed for Hubbell (HUBB) in this Schedule 13G/A?
The filing states that The Bank of New York Mellon Corporation beneficially owns 2,166,691 Hubbell common shares. This aggregate amount combines its positions with various levels of voting and dispositive power over the issuer’s common stock.
Does Bank of New York Mellon seek to influence control of Hubbell (HUBB) with this stake?
The certification explicitly states the Hubbell securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, nor in connection with any transaction having that purpose or effect.
Why is this Hubbell (HUBB) ownership reported on a Schedule 13G/A amendment?
The ownership is reported on an amended Schedule 13G because The Bank of New York Mellon Corporation is providing an updated statement of its beneficial holdings and related powers, consistent with its status as an institutional investor filing under the passive ownership provisions.