Gabelli Funds LLC Sells 3,125 Shares of Hubbell Inc $HUBB

Gabelli Funds LLC trimmed its position in shares of Hubbell Inc (NYSE:HUBB) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,950 shares of the industrial products company’s stock after selling 3,125 shares during the quarter. Gabelli Funds LLC’s holdings in Hubbell were worth $6,639,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. State Street Corp boosted its position in Hubbell by 3.6% during the 3rd quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock valued at $973,337,000 after acquiring an additional 78,539 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Hubbell by 18.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock worth $450,075,000 after purchasing an additional 163,626 shares in the last quarter. Boston Partners grew its stake in shares of Hubbell by 30.7% in the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after buying an additional 172,990 shares during the last quarter. Northern Trust Corp grew its stake in shares of Hubbell by 1.1% in the 3rd quarter. Northern Trust Corp now owns 530,272 shares of the industrial products company’s stock worth $228,181,000 after buying an additional 5,806 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Hubbell by 9.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 476,560 shares of the industrial products company’s stock valued at $205,055,000 after buying an additional 40,962 shares in the last quarter. 88.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

HUBB has been the topic of several analyst reports. Barclays boosted their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price target on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Stephens upped 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, Mizuho set a $575.00 price target on shares of Hubbell in a research note on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Price Performance

Shares of NYSE HUBB opened at $462.51 on Thursday. Hubbell Inc has a twelve month low of $374.68 and a twelve month high of $565.50. The firm has a market cap of $24.59 billion, a P/E ratio of 27.32, a PEG ratio of 2.33 and a beta of 0.95. The company has a 50 day moving average of $503.72 and a 200 day moving average of $481.44. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share 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 analyst estimates of $1.50 billion. During the same period in the previous year, the business earned $3.50 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, research analysts expect that Hubbell Inc will post 19.83 EPS for the current fiscal year.

Hubbell Dividend Announcement

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