Private Advisor Group LLC Sells 2,953 Shares of Hubbell Inc $HUBB

Private Advisor Group LLC reduced its position in Hubbell Inc (NYSE:HUBB) by 59.4% in the first quarter, Holdings Channel.com reports. The firm owned 2,016 shares of the industrial products company’s stock after selling 2,953 shares during the quarter. Private Advisor Group LLC’s holdings in Hubbell were worth $989,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 worth $25,000 after buying an additional 34 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after buying an additional 33 shares in the last quarter. NBT Bank N A NY bought a new position in Hubbell during the fourth quarter valued at approximately $27,000. Raiffeisen Bank International AG grew its position in Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Finally, Baillie Gifford & Co. raised its stake in shares of Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 27 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Hubbell Stock Performance

NYSE:HUBB opened at $476.61 on Tuesday. 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 $403.82 and a fifty-two week high of $565.50. The firm has a market cap of $25.18 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.48 and a beta of 0.89. The business has a 50 day moving average price of $489.62 and a 200-day moving average price of $494.91.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 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 the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $3.50 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts predict that Hubbell Inc will post 19.83 earnings per share for the current year.

Hubbell Announces Dividend

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

Analysts Set New Price Targets

HUBB has been the subject of a number of recent research reports. Barclays boosted their price objective 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. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Wells Fargo & Company lifted their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings raised shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Finally, Stephens upped their price target 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. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

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.