Hubbell Inc $HUBB Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in Hubbell Inc (NYSE:HUBB) by 87.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,819 shares of the industrial products company’s stock after selling 105,448 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Hubbell were worth $6,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 valued at $25,000 after purchasing an additional 34 shares in the last quarter. NBT Bank N A NY acquired a new position in shares of Hubbell in the 4th quarter valued at about $27,000. Hantz Financial Services Inc. lifted its stake in shares of Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of Hubbell by 62.8% in the 4th 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 in the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 63 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Price Performance

HUBB stock opened at $475.12 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 52-week low of $374.68 and a 52-week high of $565.50. The stock’s 50 day moving average is $503.29 and its two-hundred day moving average is $481.32. The company has a market capitalization of $25.26 billion, a PE ratio of 28.06, a P/E/G ratio of 2.32 and a beta of 0.95.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $3.50 EPS. Hubbell’s revenue for the quarter was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts predict that Hubbell Inc will post 19.83 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s payout ratio is currently 33.55%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stephens lifted their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Evercore lifted their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Mizuho set a $575.00 price objective on Hubbell in a research note on Wednesday, February 4th. Finally, Barclays lifted their price objective on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

About Hubbell

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.