Hubbell Inc $HUBB Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in shares of Hubbell Inc (NYSE:HUBB) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,084 shares of the industrial products company’s stock after selling 1,122 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of Hubbell worth $15,255,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HUBB. BSW Wealth Partners raised its stake in Hubbell by 2.9% during the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after buying an additional 22 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Hubbell by 2.2% in the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 23 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Hubbell by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after acquiring an additional 24 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 24 shares during the last quarter. Finally, Quest Investment Management LLC raised its position in shares of Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after acquiring an additional 25 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Down 6.3%

Hubbell stock opened at $490.09 on Thursday. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $25.90 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.64 and a beta of 0.89. The firm has a 50-day moving average price of $499.30 and a two-hundred day moving average price of $492.54.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts expect that Hubbell Inc will post 19.85 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley boosted their target price 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. Weiss Ratings raised shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Barclays lifted their price target 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. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently 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.