NewEdge Advisors LLC Sells 3,144 Shares of Hubbell Inc $HUBB

NewEdge Advisors LLC trimmed its position in Hubbell Inc (NYSE:HUBB) by 85.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 555 shares of the industrial products company’s stock after selling 3,144 shares during the quarter. NewEdge Advisors LLC’s holdings in Hubbell were worth $272,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HUBB. Jones Financial Companies Lllp lifted its stake in Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 1,518 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 196 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Hubbell by 271.9% in the first 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 purchased a new stake in shares of Hubbell in the first quarter worth $599,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Hubbell by 31.1% in the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after buying an additional 111 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Hubbell Price Performance

HUBB opened at $466.72 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $24.66 billion, a P/E ratio of 27.63, a PEG ratio of 2.30 and a beta of 0.90. The stock has a 50-day moving average price of $495.45 and a 200-day moving average price of $498.18. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.Hubbell’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities analysts predict that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s payout ratio is presently 33.63%.

Insider Activity

In other news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Robert W. Baird began coverage on Hubbell in a research report on Thursday. They set an “outperform” rating and a $550.00 price target for the company. UBS Group reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Finally, Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $553.89.

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.