5,044 Shares in Hubbell Inc $HUBB Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in Hubbell Inc (NYSE:HUBB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 5,044 shares of the industrial products company’s stock, valued at approximately $2,240,000.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Hubbell by 147.8% in 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 bought a new stake in shares of Hubbell during the fourth quarter worth $27,000. Hantz Financial Services Inc. lifted its position in shares of Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of Hubbell by 630.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 63 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Barclays lifted their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley lifted their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. JPMorgan Chase & Co. lifted their target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $546.25.

Hubbell Stock Up 0.4%

NYSE:HUBB opened at $476.95 on Wednesday. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95. 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 Inc has a twelve month low of $374.68 and a twelve month high of $565.50. The stock has a fifty day simple moving average of $503.61 and a 200-day simple moving average of $481.59.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating the consensus estimate of $3.87 by $0.06. The firm had revenue of $1.52 billion for 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 business’s revenue for the quarter 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. Analysts anticipate that Hubbell Inc will post 19.83 EPS for the current year.

Hubbell Dividend Announcement

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