Hubbell Inc $HUBB Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in Hubbell Inc (NYSE:HUBB) by 0.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 318,039 shares of the industrial products company’s stock after selling 1,825 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.60% of Hubbell worth $141,244,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HUBB. Thurston Springer Miller Herd & Titak Inc. lifted its position in Hubbell by 147.8% in 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 purchasing an additional 34 shares during the last quarter. NBT Bank N A NY bought a new position in Hubbell in the 4th quarter worth about $27,000. Hantz Financial Services Inc. increased its stake in shares of Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. Baillie Gifford & Co. increased its stake 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 valued at $31,000 after purchasing an additional 27 shares during the period. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Hubbell by 630.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after buying an additional 63 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Evercore lifted their target price on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price target on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Barclays raised their price target on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” 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. According to MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $546.25.

Hubbell Stock Up 0.2%

NYSE HUBB opened at $462.51 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The company’s 50 day simple moving average is $503.72 and its 200 day simple moving average is $481.44. Hubbell Inc has a 12 month low of $374.68 and a 12 month high of $565.50. The company has a market capitalization of $24.59 billion, a P/E ratio of 27.32, a PEG ratio of 2.33 and a beta of 0.95.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts expect that Hubbell Inc will post 19.83 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. Stockholders of record on Friday, May 29th will be paid a dividend of $1.42 per share. 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 (DPR) is currently 33.55%.

About Hubbell

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.