Hudson Edge Investment Partners Inc. Decreases Holdings in Hubbell Inc $HUBB

Hudson Edge Investment Partners Inc. lowered its position in Hubbell Inc (NYSE:HUBB) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,144 shares of the industrial products company’s stock after selling 1,920 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Hubbell were worth $7,432,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its holdings in Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 buying an additional 34 shares during the last quarter. NBT Bank N A NY acquired a new position in shares of Hubbell during the 4th quarter worth $27,000. Raiffeisen Bank International AG boosted its position in shares of Hubbell by 83.3% in the 4th 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 in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Hubbell in the 1st quarter worth about $33,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on HUBB. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Wells Fargo & Company upped their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barclays raised their price objective 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. Stephens lifted their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research note on Tuesday, June 16th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $554.38.

Hubbell Trading Down 0.0%

Hubbell stock opened at $486.88 on Friday. The stock has a 50-day moving average price of $496.81 and a 200 day moving average price of $492.77. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. The stock has a market cap of $25.73 billion, a PE ratio of 28.76, a P/E/G ratio of 2.46 and a beta of 0.89. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts predict that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

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

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.