Empowered Funds LLC Grows Position in Hubbell Inc $HUBB

Empowered Funds LLC increased its holdings in Hubbell Inc (NYSE:HUBB) by 9.5% in the first quarter, Holdings Channel reports. The fund owned 20,067 shares of the industrial products company’s stock after purchasing an additional 1,748 shares during the quarter. Empowered Funds LLC’s holdings in Hubbell were worth $9,848,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in shares of Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,518 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares during the period. Acadian Asset Management LLC bought a new position in shares of Hubbell during the first quarter valued at approximately $599,000. EverSource Wealth Advisors LLC increased its holdings in Hubbell by 31.1% during the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after buying an additional 111 shares during the period. Finally, Jump Financial LLC raised its stake in Hubbell by 22.2% in the second quarter. Jump Financial LLC now owns 1,667 shares of the industrial products company’s stock worth $681,000 after buying an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on HUBB shares. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research note on Wednesday. Barclays raised their price objective on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, UBS Group reiterated a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Stock Up 2.7%

Hubbell stock opened at $473.43 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.94. The stock has a market capitalization of $25.02 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.26 and a beta of 0.89. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The business has a fifty day moving average price of $489.48 and a 200-day moving average price of $497.07.

Hubbell (NYSE:HUBB) last announced its earnings results 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. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company posted $4.93 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities research analysts forecast that Hubbell Inc will post 20.42 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is 33.63%.

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.