Pacer Advisors Inc. Cuts Position in Hubbell Inc $HUBB

Pacer Advisors Inc. trimmed its position in shares of Hubbell Inc (NYSE:HUBB) by 31.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,425 shares of the industrial products company’s stock after selling 1,576 shares during the period. Pacer Advisors Inc.’s holdings in Hubbell were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in Hubbell by 140.4% in the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares during the last quarter. Boston Partners raised its stake in Hubbell by 37.8% during the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after purchasing an additional 278,649 shares in the last quarter. Troy Asset Management Ltd lifted its position in Hubbell by 60.7% during the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after purchasing an additional 208,327 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Hubbell by 355.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock worth $95,738,000 after buying an additional 173,668 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new position in shares of Hubbell in the 2nd quarter worth $68,164,000. 88.16% of the stock is currently owned by institutional investors.

Hubbell Trading Up 1.3%

Shares of HUBB opened at $514.35 on Friday. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a market cap of $27.18 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.52 and a beta of 0.90. 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 company’s fifty day simple moving average is $492.07 and its 200-day simple moving average is $497.68.

Hubbell (NYSE:HUBB) last released its quarterly 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. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, analysts expect that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. Hubbell’s payout ratio is 33.63%.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of research reports. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Stephens lifted their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Barclays upped their price objective on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

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.