Hubbell Inc $HUBB Stock Position Lessened by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its stake in shares of Hubbell Inc (NYSE:HUBB) by 4.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 327,969 shares of the industrial products company’s stock after selling 14,444 shares during the quarter. Hubbell accounts for 1.3% of Boston Trust Walden Corp’s portfolio, making the stock its 9th largest position. Boston Trust Walden Corp’s holdings in Hubbell were worth $160,948,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HUBB. Pinnacle Bancorp Inc. raised its holdings in Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position 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 purchased a new stake in Hubbell during the fourth quarter worth approximately $27,000. Raiffeisen Bank International AG grew its stake in Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the period. Finally, Baillie Gifford & Co. increased its position in shares of Hubbell by 62.8% in the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HUBB shares. Morgan Stanley raised their target price on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Stephens increased their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Wells Fargo & Company boosted 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. Finally, UBS Group reiterated a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. 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, Hubbell presently has an average rating of “Moderate Buy” and an average target price of $554.38.

Hubbell Stock Down 0.7%

NYSE HUBB opened at $486.88 on Friday. Hubbell Inc has a 12 month low of $403.82 and a 12 month high of $565.50. The company’s 50 day simple moving average is $498.07 and its 200 day simple moving average is $492.81. The company has a market capitalization of $25.73 billion, a P/E ratio of 28.76, a PEG ratio of 2.47 and a beta of 0.89. 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 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. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts expect that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.42 per share. The ex-dividend date was 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.