Strategic Wealth Investment Group LLC Reduces Stock Holdings in Hubbell Inc $HUBB

Strategic Wealth Investment Group LLC lowered its position in Hubbell Inc (NYSE:HUBB) by 27.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,797 shares of the industrial products company’s stock after selling 12,278 shares during the quarter. Hubbell accounts for approximately 1.8% of Strategic Wealth Investment Group LLC’s holdings, making the stock its 20th biggest holding. Strategic Wealth Investment Group LLC owned 0.06% of Hubbell worth $14,565,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Hubbell in the third quarter valued at $162,309,000. Troy Asset Management Ltd increased its position in Hubbell by 60.7% during the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after purchasing an additional 208,327 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Hubbell by 355.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock worth $95,738,000 after purchasing an additional 173,668 shares in the last quarter. Boston Partners increased its position in Hubbell by 30.7% during the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after purchasing an additional 172,990 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new stake in Hubbell during the 2nd quarter worth about $68,164,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the subject of a number of recent research reports. Stephens lifted their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Morgan Stanley lifted their price objective on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company lifted their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Barclays lifted their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Stock Performance

NYSE HUBB opened at $476.37 on Friday. The firm has a market capitalization of $25.17 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.40 and a beta of 0.91. Hubbell Inc has a 1-year low of $380.86 and a 1-year 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. The business’s 50-day simple moving average is $502.20 and its 200-day simple moving average is $482.85.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.06. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts predict that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s payout ratio is currently 33.55%.

Hubbell Company 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.