Hubbell Inc $HUBB Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in shares of Hubbell Inc (NYSE:HUBB) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,554 shares of the industrial products company’s stock after selling 1,703 shares during the period. Commonwealth Equity Services LLC’s holdings in Hubbell were worth $6,020,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HUBB. Envestnet Asset Management Inc. increased its holdings in shares of Hubbell by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock valued at $38,611,000 after purchasing an additional 3,542 shares during the last quarter. DNB Asset Management AS boosted its position in shares of Hubbell by 4.9% in the fourth quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock valued at $17,260,000 after acquiring an additional 1,832 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Hubbell by 64.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock valued at $1,669,000 after acquiring an additional 1,514 shares during the period. Nordea Investment Management AB boosted its position in shares of Hubbell by 1.5% in the fourth quarter. Nordea Investment Management AB now owns 206,382 shares of the industrial products company’s stock valued at $92,356,000 after acquiring an additional 2,983 shares during the period. Finally, Perigon Wealth Management LLC boosted its position in shares of 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. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Down 1.8%

HUBB opened at $476.37 on Friday. Hubbell Inc has a twelve month low of $380.86 and a twelve month high of $565.50. The company has a 50-day simple moving average of $502.20 and a 200 day simple moving average of $482.85. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $25.17 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 2.45 and a beta of 0.91.

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

Hubbell Announces Dividend

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 given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is currently 33.55%.

Analysts Set New Price Targets

HUBB has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Stephens boosted their target price 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. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Wells Fargo & Company boosted their target price 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. Finally, Barclays boosted their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $546.25.

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.