FourThought Financial Partners LLC Sells 2,847 Shares of Hubbell Inc $HUBB

FourThought Financial Partners LLC lessened its stake in shares of Hubbell Inc (NYSE:HUBB) by 58.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,022 shares of the industrial products company’s stock after selling 2,847 shares during the quarter. FourThought Financial Partners LLC’s holdings in Hubbell were worth $870,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Townsquare Capital LLC boosted its holdings in Hubbell by 0.8% in the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after purchasing an additional 22 shares during the last quarter. Unique Wealth LLC grew its position in Hubbell by 2.6% in the 3rd quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 23 shares during the period. Benjamin Edwards Inc. raised its stake in Hubbell by 2.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after buying an additional 24 shares during the last quarter. Blue Trust Inc. raised its stake in Hubbell by 5.5% during the 3rd quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock valued at $207,000 after buying an additional 25 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Hubbell by 5.7% during the 3rd quarter. Versant Capital Management Inc now owns 485 shares of the industrial products company’s stock valued at $209,000 after buying an additional 26 shares during the period. 88.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HUBB has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 target price on Hubbell in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a research report on Friday, December 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $529.75.

Hubbell Stock Down 1.8%

Shares of HUBB opened at $478.89 on Wednesday. The business’s 50 day moving average is $492.73 and its 200 day moving average is $456.97. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. The company has a market capitalization of $25.46 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.46 and a beta of 1.00.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, February 27th. Hubbell’s payout ratio is currently 34.07%.

Insider Activity at Hubbell

In other news, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the transaction, the vice president owned 2,769 shares in the company, valued at $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider directly owned 2,592 shares in the company, valued at $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,689 shares of company stock worth $17,407,395 in the last quarter. 0.76% of the stock is owned by company insiders.

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.