St. James Investment Company LLC Buys 5,724 Shares of Hubbell Inc $HUBB

St. James Investment Company LLC grew its stake in shares of Hubbell Inc (NYSE:HUBB) by 33.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,846 shares of the industrial products company’s stock after purchasing an additional 5,724 shares during the period. Hubbell comprises about 1.6% of St. James Investment Company LLC’s investment portfolio, making the stock its 22nd largest holding. St. James Investment Company LLC’s holdings in Hubbell were worth $10,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in 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 purchasing an additional 34 shares in the last quarter. NBT Bank N A NY bought a new stake in Hubbell during the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. increased its holdings in Hubbell by 141.4% during the 3rd 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 in the last quarter. Baillie Gifford & Co. increased its holdings in Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in Hubbell by 630.0% during the 4th 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 in the last quarter. 88.16% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 2,592 shares of the company’s stock, valued at $1,357,508.16. This represents a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

Hubbell Stock Performance

HUBB stock opened at $486.44 on Wednesday. The firm has a market cap of $25.86 billion, a PE ratio of 28.73, a P/E/G ratio of 2.47 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $505.54 and a 200-day moving average of $480.44. Hubbell Inc has a 12-month low of $374.68 and a 12-month high of $565.50.

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 the consensus estimate 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%.Hubbell’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, sell-side analysts expect that Hubbell Inc will post 19.81 earnings per share for the current year.

Hubbell Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company boosted their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Evercore boosted their price objective on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 price objective on Hubbell in a report on Wednesday, February 4th. Finally, Stephens upped their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

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.