Commonwealth Equity Services LLC Sells 1,703 Shares of Hubbell Inc $HUBB

Commonwealth Equity Services LLC lowered its stake in Hubbell Inc (NYSE:HUBB) by 11.2% in the fourth quarter, Holdings Channel reports. The fund owned 13,554 shares of the industrial products company’s stock after selling 1,703 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Hubbell were worth $6,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. BSW Wealth Partners lifted its holdings in shares of Hubbell by 2.9% in the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after acquiring an additional 22 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock worth $473,000 after acquiring an additional 23 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 24 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Hubbell by 1.9% in the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after acquiring an additional 24 shares during the last quarter. Finally, Quest Investment Management LLC increased its stake in shares of Hubbell by 1.3% in the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after buying an additional 25 shares during the period. Institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Barclays raised their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Stephens raised their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Morgan Stanley raised their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

Hubbell Stock Performance

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

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

Hubbell Dividend Announcement

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