Hubbell Inc $HUBB Shares Sold by DB Fitzpatrick & Co Inc

DB Fitzpatrick & Co Inc lowered its holdings in Hubbell Inc (NYSE:HUBB) by 31.9% during the first quarter, HoldingsChannel reports. The fund owned 2,804 shares of the industrial products company’s stock after selling 1,312 shares during the period. Hubbell accounts for about 1.2% of DB Fitzpatrick & Co Inc’s investment portfolio, making the stock its 25th biggest holding. DB Fitzpatrick & Co Inc’s holdings in Hubbell were worth $1,376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HUBB. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Hubbell by 147.8% during the fourth 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 during the last quarter. Pinnacle Bancorp Inc. increased its stake in Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. NBT Bank N A NY acquired a new stake in Hubbell during the fourth quarter worth approximately $27,000. Raiffeisen Bank International AG raised its holdings 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 purchasing an additional 30 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of 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 buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Performance

NYSE HUBB opened at $486.88 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The business’s 50-day moving average price is $498.07 and its 200 day moving average price is $492.81. The firm has a market cap of $25.73 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.47 and a beta of 0.89.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities research analysts expect that Hubbell Inc will post 19.81 earnings per share for the current year.

Hubbell Dividend Announcement

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

Analysts Set New Price Targets

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

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.