Empowered Funds LLC Increases Holdings in Hubbell Inc $HUBB

Empowered Funds LLC lifted its holdings in Hubbell Inc (NYSE:HUBB) by 9.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,067 shares of the industrial products company’s stock after acquiring an additional 1,748 shares during the period. Empowered Funds LLC’s holdings in Hubbell were worth $9,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,518 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Hubbell by 271.9% in the 1st 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 bought a new position in shares of Hubbell during the 1st quarter valued at approximately $599,000. EverSource Wealth Advisors LLC increased its position in shares of Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 111 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in Hubbell by 22.2% during the 2nd quarter. Jump Financial LLC now owns 1,667 shares of the industrial products company’s stock valued at $681,000 after buying an additional 303 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on HUBB shares. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research report on Wednesday. Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Wells Fargo & Company increased their target price on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. UBS Group restated a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Finally, Barclays lifted their price target 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. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Trading Up 2.7%

Shares of HUBB opened at $473.43 on Friday. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.26 and a beta of 0.89. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.94. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The company has a 50-day moving average of $489.48 and a 200 day moving average of $497.07.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company posted $4.93 earnings per share. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, research analysts expect that Hubbell Inc will post 20.42 EPS for the current year.

Hubbell Dividend Announcement

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

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.