Prudential PLC Trims Holdings in Hubbell Inc $HUBB

Prudential PLC trimmed its stake in Hubbell Inc (NYSE:HUBB) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,588 shares of the industrial products company’s stock after selling 1,310 shares during the period. Prudential PLC’s holdings in Hubbell were worth $10,920,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 34 shares during the period. NBT Bank N A NY purchased a new stake in shares of Hubbell in the 4th quarter valued at approximately $27,000. Hantz Financial Services Inc. raised its stake in shares of Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 41 shares during the period. Baillie Gifford & Co. raised its stake in shares of Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 27 shares during the period. Finally, Harbor Investment Advisory LLC raised its stake in shares of Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 63 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Trading Down 1.8%

Shares of NYSE:HUBB opened at $476.37 on Friday. Hubbell Inc has a 52 week low of $380.86 and a 52 week high of $565.50. The company’s 50 day moving average is $502.20 and its two-hundred day moving average is $482.85. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The company has a market cap of $25.17 billion, a PE ratio of 28.14, a P/E/G ratio of 2.45 and a beta of 0.91.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm posted $3.50 EPS. The company’s quarterly 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. Equities analysts predict that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is currently 33.55%.

Wall Street Analyst Weigh In

HUBB has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Barclays upped their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Wells Fargo & Company upped their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Stephens upped their target price 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. Five investment 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 has an average rating of “Moderate Buy” and a consensus target price of $546.25.

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.