Pacer Advisors Inc. Sells 1,576 Shares of Hubbell Inc $HUBB

Pacer Advisors Inc. reduced its stake in shares of Hubbell Inc (NYSE:HUBB) by 31.5% in the first quarter, Holdings Channel reports. The firm owned 3,425 shares of the industrial products company’s stock after selling 1,576 shares during the period. Pacer Advisors Inc.’s holdings in Hubbell were worth $1,681,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BSW Wealth Partners increased its stake in Hubbell by 2.9% in the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after buying an additional 22 shares during the period. Ballentine Partners LLC boosted its position in Hubbell by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after buying an additional 24 shares during the period. Benjamin Edwards Inc. grew its stake in Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 24 shares in the last quarter. Quest Investment Management LLC grew its stake in Hubbell by 1.3% in the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after acquiring an additional 25 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Hubbell by 62.8% during 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 during the period. 88.16% of the stock is currently owned by institutional investors.

Hubbell Price Performance

Shares of HUBB opened at $514.35 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The company has a 50 day moving average price of $492.07 and a 200-day moving average price of $497.68. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The stock has a market capitalization of $27.18 billion, a PE ratio of 30.45, a PEG ratio of 2.52 and a beta of 0.90.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.39 by $0.13. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. Hubbell’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the company posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities analysts predict that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of research reports. UBS Group reiterated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Stephens raised their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Hubbell presently has an average rating of “Moderate Buy” and an average price target of $554.38.

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.