Hubbell Inc $HUBB Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its stake in Hubbell Inc (NYSE:HUBB) by 16.8% during the 1st quarter, HoldingsChannel reports. The firm owned 12,443 shares of the industrial products company’s stock after selling 2,507 shares during the quarter. Gabelli Funds LLC’s holdings in Hubbell were worth $6,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HUBB. Thurston Springer Miller Herd & Titak Inc. lifted its position in Hubbell by 147.8% during 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 in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 33 shares during the period. NBT Bank N A NY acquired a new stake in Hubbell in the fourth quarter valued at approximately $27,000. Raiffeisen Bank International AG grew its position in Hubbell by 83.3% in 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 in 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 valued at $31,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Up 2.7%

Shares of NYSE:HUBB opened at $499.14 on Tuesday. 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 company’s 50-day moving average price is $488.83 and its 200 day moving average price is $496.94. The company has a market cap of $26.37 billion, a PE ratio of 29.48, a P/E/G ratio of 2.43 and a beta of 0.89. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50.

Hubbell (NYSE:HUBB) last posted 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 firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. Hubbell’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts anticipate that Hubbell Inc will post 19.98 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is 33.55%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HUBB shares. Wells Fargo & Company boosted 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 lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. 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. UBS Group reiterated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Finally, Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and an average price target 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.