Mediolanum International Funds Ltd Sells 2,499 Shares of Hubbell Inc $HUBB

Mediolanum International Funds Ltd trimmed its position in shares of Hubbell Inc (NYSE:HUBB) by 32.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,166 shares of the industrial products company’s stock after selling 2,499 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Hubbell were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 acquiring an additional 34 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. NBT Bank N A NY bought a new position in Hubbell during the 4th quarter valued at about $27,000. Raiffeisen Bank International AG raised its position in Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the period. Finally, Baillie Gifford & Co. raised its position in Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Price Performance

Hubbell stock opened at $479.64 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The stock has a market cap of $25.34 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.44 and a beta of 0.89. The firm has a 50-day moving average of $488.17 and a two-hundred day moving average of $496.25. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company posted $3.50 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, research analysts forecast that Hubbell Inc will post 19.86 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were 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 was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

Analyst Ratings Changes

HUBB has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Wells Fargo & Company increased their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.