Fort Washington Investment Advisors Inc. OH reduced its stake in Hubbell Inc (NYSE:HUBB – Free Report) by 23.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,540 shares of the industrial products company’s stock after selling 42,153 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Hubbell were worth $66,515,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of HUBB. BSW Wealth Partners raised its holdings in shares of Hubbell by 2.9% during the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after acquiring an additional 22 shares during the period. GAMMA Investing LLC grew its holdings in shares of Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares during the period. Ballentine Partners LLC grew its holdings in shares of Hubbell by 1.9% in the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 24 shares during the period. Benjamin Edwards Inc. increased its position in Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 24 shares during the last quarter. Finally, Quest Investment Management LLC raised its stake in Hubbell by 1.3% during the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 25 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have weighed in on HUBB shares. Wells Fargo & Company lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. UBS Group reaffirmed a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Stephens boosted their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Barclays raised their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $554.38.
Hubbell Stock Down 3.5%
HUBB stock opened at $517.20 on Friday. The company’s 50 day moving average price is $500.86 and its 200 day moving average price is $490.95. The firm has a market capitalization of $27.33 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.61 and a beta of 0.91. Hubbell Inc has a fifty-two week low of $402.04 and a fifty-two week high of $565.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58.
Hubbell (NYSE:HUBB – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities research analysts anticipate that Hubbell Inc will post 19.84 EPS for the current fiscal year.
Hubbell Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s payout ratio is 33.55%.
Hubbell Profile
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.
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