Knollwood Investment Advisory LLC Decreases Stock Position in Hubbell Inc $HUBB

Knollwood Investment Advisory LLC lessened its stake in shares of Hubbell Inc (NYSE:HUBB) by 22.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,734 shares of the industrial products company’s stock after selling 1,073 shares during the period. Knollwood Investment Advisory LLC’s holdings in Hubbell were worth $1,658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Hubbell during the 3rd quarter valued at $162,309,000. Boston Partners raised its holdings in Hubbell by 37.8% during the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after buying an additional 278,649 shares during the period. Troy Asset Management Ltd raised its holdings in Hubbell by 60.7% during the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after buying an additional 208,327 shares during the period. Qube Research & Technologies Ltd raised its holdings in Hubbell by 355.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after buying an additional 173,668 shares during the period. Finally, Merewether Investment Management LP purchased a new stake in Hubbell during the 2nd quarter valued at $68,164,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the topic of several recent research reports. Wells Fargo & Company increased their price target on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Morgan Stanley increased their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Stephens increased their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $546.25.

Hubbell Price Performance

Shares of HUBB stock opened at $476.04 on Friday. Hubbell Inc has a 1-year low of $380.86 and a 1-year high of $565.50. The stock’s 50-day moving average is $501.37 and its 200 day moving average is $484.92. The company has a market cap of $25.15 billion, a P/E ratio of 28.12, a PEG ratio of 2.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $3.50 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts predict that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is presently 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.