Hubbell Inc $HUBB Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in shares of Hubbell Inc (NYSE:HUBB) by 22.7% during the first quarter, HoldingsChannel.com reports. The firm owned 142,768 shares of the industrial products company’s stock after selling 41,855 shares during the period. Bessemer Group Inc.’s holdings in Hubbell were worth $70,062,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HUBB. Jones Financial Companies Lllp grew its position in Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 1,518 shares during the period. Empowered Funds LLC lifted its stake in shares of Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 196 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares during the period. Acadian Asset Management LLC acquired a new stake in Hubbell during the 1st quarter worth approximately $599,000. Finally, EverSource Wealth Advisors LLC increased its position in Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Performance

Hubbell stock opened at $489.18 on Friday. Hubbell Inc has a 12-month low of $403.82 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. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89. The firm’s fifty day moving average price is $488.41 and its 200 day moving average price is $495.42.

Hubbell (NYSE:HUBB) last announced its 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 return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, research analysts forecast that Hubbell Inc will post 19.86 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $1.42 per share. The ex-dividend date was Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s payout ratio is currently 33.55%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HUBB. Stephens lifted their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Barclays lifted their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group reiterated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

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.