Sei Investments Co. Has $29.61 Million Position in Hubbell Inc $HUBB

Sei Investments Co. raised its position in Hubbell Inc (NYSE:HUBB) by 3.8% in the 1st quarter, Holdings Channel reports. The firm owned 60,352 shares of the industrial products company’s stock after buying an additional 2,192 shares during the period. Sei Investments Co.’s holdings in Hubbell were worth $29,613,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HUBB. DNB Asset Management AS lifted its holdings in Hubbell by 4.9% during the fourth quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock worth $17,260,000 after acquiring an additional 1,832 shares in the last quarter. Perigon Wealth Management LLC grew its stake in Hubbell by 32.4% in the fourth quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock valued at $7,372,000 after acquiring an additional 4,060 shares during the period. Swedbank AB increased its holdings in shares of Hubbell by 19.2% in the first quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock worth $15,890,000 after acquiring an additional 5,218 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hubbell by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 205,775 shares of the industrial products company’s stock worth $91,396,000 after acquiring an additional 7,100 shares in the last quarter. Finally, Vest Financial LLC acquired a new stake in shares of Hubbell during the fourth quarter worth about $1,589,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

Shares of Hubbell stock opened at $499.14 on Tuesday. The firm has a market cap of $26.37 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89. The stock’s 50-day moving average is $488.83 and its 200-day moving average is $496.94. Hubbell Inc has a one year low of $403.82 and a one 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.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data 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. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.Hubbell’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts predict that Hubbell Inc will post 19.98 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. Hubbell’s dividend payout ratio is 33.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stephens lifted their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Wells Fargo & Company raised their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. UBS Group reaffirmed a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Barclays upped their price target 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. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Hubbell presently 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.