Crossmark Global Holdings Inc. Sells 2,667 Shares of Hubbell Inc $HUBB

Crossmark Global Holdings Inc. trimmed its holdings in shares of Hubbell Inc (NYSE:HUBB) by 55.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,142 shares of the industrial products company’s stock after selling 2,667 shares during the period. Crossmark Global Holdings Inc.’s holdings in Hubbell were worth $951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in Hubbell by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock valued at $38,611,000 after acquiring an additional 3,542 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in Hubbell by 64.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock worth $1,669,000 after acquiring an additional 1,514 shares during the last quarter. Nordea Investment Management AB increased its stake in Hubbell by 15.7% in the 3rd quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock worth $87,333,000 after purchasing an additional 27,576 shares during the period. Perigon Wealth Management LLC increased its stake in Hubbell by 32.4% in the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock worth $7,372,000 after purchasing an additional 4,060 shares during the period. Finally, Walter Public Investments Inc. lifted its position in Hubbell by 33.3% in the third quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock valued at $15,098,000 after purchasing an additional 8,774 shares during the last quarter. 88.16% of the stock is owned by institutional investors.

Hubbell Price Performance

HUBB opened at $483.79 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The stock has a market capitalization of $25.72 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.45 and a beta of 0.95. The stock’s 50 day moving average price is $504.88 and its 200-day moving average price is $480.80. Hubbell Inc has a 52-week low of $374.68 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last announced its quarterly 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. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities research analysts predict that Hubbell Inc will post 19.81 EPS for the current year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HUBB. Wells Fargo & Company increased their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley lifted their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Stephens raised their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $546.25.

Insider Buying and Selling at Hubbell

In other news, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the sale, the insider owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

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.