Sterling Capital Management LLC Sells 1,370 Shares of Hubbell Inc $HUBB

Sterling Capital Management LLC reduced its stake in Hubbell Inc (NYSE:HUBB) by 43.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,802 shares of the industrial products company’s stock after selling 1,370 shares during the quarter. Sterling Capital Management LLC’s holdings in Hubbell were worth $884,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 worth $25,000 after buying an additional 34 shares during the last quarter. NBT Bank N A NY purchased a new position in Hubbell in the fourth quarter valued at about $27,000. Raiffeisen Bank International AG boosted its stake 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 during the last quarter. Baillie Gifford & Co. grew its position in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 27 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in shares of Hubbell by 630.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 63 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

NYSE:HUBB opened at $522.92 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. Hubbell Inc has a 52-week low of $402.04 and a 52-week high of $565.50. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 2.59 and a beta of 0.91. The business’s fifty day moving average is $500.44 and its 200 day moving average is $492.35.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts predict that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is 33.55%.

Wall Street Analyst Weigh In

HUBB has been the topic of several research analyst reports. Barclays upped 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. UBS Group reaffirmed a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Wells Fargo & Company increased 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. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Morgan Stanley boosted their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and an average target price of $554.38.

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.