Walter Public Investments Inc. Decreases Stock Holdings in Hubbell Inc $HUBB

Walter Public Investments Inc. lowered its holdings in shares of Hubbell Inc (NYSE:HUBB) by 21.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,168 shares of the industrial products company’s stock after selling 5,722 shares during the quarter. Hubbell comprises 2.5% of Walter Public Investments Inc.’s portfolio, making the stock its 16th largest holding. Walter Public Investments Inc.’s holdings in Hubbell were worth $10,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of 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 valued at $25,000 after buying an additional 34 shares in the last quarter. Pinnacle Bancorp Inc. increased its stake in Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. NBT Bank N A NY bought a new stake in Hubbell during the fourth quarter worth approximately $27,000. Raiffeisen Bank International AG raised its position in Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Finally, Baillie Gifford & Co. raised its position in Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 27 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of recent research reports. Weiss Ratings upgraded Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Barclays boosted their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Wells Fargo & Company lifted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, UBS Group restated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Trading Down 0.0%

Shares of NYSE HUBB opened at $486.88 on Friday. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The firm has a market cap of $25.73 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 2.46 and a beta of 0.89. The business has a fifty day simple moving average of $496.81 and a two-hundred day simple moving average of $492.77. 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 (NYSE:HUBB) last posted its quarterly 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. The business had revenue of $1.52 billion for 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 business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts expect that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced 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 of this dividend 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 33.55%.

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.