Guinness Asset Management LTD Has $14.46 Million Stock Holdings in Hubbell Inc $HUBB

Guinness Asset Management LTD cut its holdings in shares of Hubbell Inc (NYSE:HUBB) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,023 shares of the industrial products company’s stock after selling 3,042 shares during the period. Guinness Asset Management LTD’s holdings in Hubbell were worth $14,455,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Townsquare Capital LLC boosted its position in Hubbell by 0.8% during the 3rd quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after buying an additional 22 shares during the period. BSW Wealth Partners boosted its position in Hubbell by 2.9% during the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after buying an additional 22 shares during the period. GAMMA Investing LLC boosted its position in Hubbell by 2.2% during the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock worth $473,000 after buying an additional 23 shares during the period. Ballentine Partners LLC boosted its position in Hubbell by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after buying an additional 24 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in shares of Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 24 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HUBB. Evercore boosted their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley boosted their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Mizuho set a $575.00 price target on shares of Hubbell in a research report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company boosted their price target 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. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

Hubbell Stock Up 3.1%

Shares of NYSE HUBB opened at $475.12 on Friday. The company has a market capitalization of $25.26 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95. Hubbell Inc has a 52-week low of $374.68 and a 52-week high of $565.50. 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 company’s 50 day moving average price is $503.29 and its 200-day moving average price is $481.32.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results 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 firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts forecast that Hubbell Inc will post 19.83 earnings per share for the current year.

Hubbell Dividend Announcement

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

Hubbell Company 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.