Quantinno Capital Management LP Purchases 7,494 Shares of Hubbell Inc $HUBB

Quantinno Capital Management LP grew its holdings in shares of Hubbell Inc (NYSE:HUBB) by 22.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 40,336 shares of the industrial products company’s stock after acquiring an additional 7,494 shares during the period. Quantinno Capital Management LP’s holdings in Hubbell were worth $19,795,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Hubbell by 147.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 34 shares during the period. Pinnacle Bancorp Inc. lifted its stake in shares of 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 purchasing an additional 33 shares during the period. NBT Bank N A NY purchased a new position in shares of Hubbell in the fourth quarter worth approximately $27,000. Raiffeisen Bank International AG boosted its holdings in shares of Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in 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 buying an additional 27 shares during the period. Institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HUBB. Stephens upped their target price on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research note on Wednesday. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays upped their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company raised their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $554.38.

Hubbell Trading Down 0.2%

Hubbell stock opened at $472.63 on Friday. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The firm has a market capitalization of $24.97 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 2.32 and a beta of 0.89. The firm has a 50 day moving average of $489.43 and a 200 day moving average of $496.90. The company has a current ratio of 1.61, a quick ratio of 0.94 and a debt-to-equity ratio of 1.22.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, research analysts predict that Hubbell Inc will post 20.41 earnings per share for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is presently 33.63%.

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.