Interval Partners LP Sells 55,854 Shares of Hubbell Inc $HUBB

Interval Partners LP decreased its position in shares of Hubbell Inc (NYSE:HUBB) by 49.3% during the fourth quarter, HoldingsChannel reports. The fund owned 57,437 shares of the industrial products company’s stock after selling 55,854 shares during the quarter. Interval Partners LP’s holdings in Hubbell were worth $25,508,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. DNB Asset Management AS increased its position 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 valued at $17,260,000 after acquiring an additional 1,832 shares during the last quarter. Perigon Wealth Management LLC grew its holdings 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 worth $7,372,000 after purchasing an additional 4,060 shares during the last quarter. Nordea Investment Management AB grew its holdings 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 worth $92,356,000 after purchasing an additional 2,983 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Hubbell in the third quarter worth about $7,462,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of Hubbell by 143.8% in the third quarter. Handelsbanken Fonder AB now owns 32,721 shares of the industrial products company’s stock worth $14,080,000 after purchasing an additional 19,298 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Up 1.2%

Shares of Hubbell stock opened at $508.83 on Thursday. 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 Inc has a 1 year low of $385.91 and a 1 year high of $565.50. The firm’s 50-day moving average is $501.65 and its two-hundred day moving average is $486.86. The stock has a market cap of $26.89 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.53 and a beta of 0.91.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) 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 company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business earned $3.50 EPS. The firm’s quarterly revenue 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 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently announced 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. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio is presently 33.55%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Wells Fargo & Company upped their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays upped their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, UBS Group restated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $554.38.

About Hubbell

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.