FourThought Financial Partners LLC Sells 2,847 Shares of Hubbell Inc $HUBB

FourThought Financial Partners LLC lessened its position in Hubbell Inc (NYSE:HUBB) by 58.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,022 shares of the industrial products company’s stock after selling 2,847 shares during the quarter. FourThought Financial Partners LLC’s holdings in Hubbell were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can lifted its position in Hubbell by 4.5% during the third quarter. Bank of Montreal Can now owns 55,967 shares of the industrial products company’s stock valued at $24,083,000 after buying an additional 2,414 shares during the period. Fieldview Capital Management LLC purchased a new stake in shares of Hubbell in the 3rd quarter worth about $400,000. Russell Investments Group Ltd. increased its stake in shares of Hubbell by 28.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 78,582 shares of the industrial products company’s stock worth $33,804,000 after acquiring an additional 17,510 shares in the last quarter. PFG Advisors increased its stake in shares of Hubbell by 9.2% in the 3rd quarter. PFG Advisors now owns 13,891 shares of the industrial products company’s stock worth $5,977,000 after acquiring an additional 1,168 shares in the last quarter. Finally, Vinva Investment Management Ltd lifted its position in Hubbell by 37.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 4,841 shares of the industrial products company’s stock valued at $2,064,000 after acquiring an additional 1,322 shares during the period. 88.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares in the company, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of the sale, the vice president directly owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 34,689 shares of company stock valued at $17,407,395. 0.76% of the stock is currently owned by company insiders.

Hubbell Stock Down 1.8%

NYSE:HUBB opened at $478.89 on Wednesday. The firm has a market cap of $25.46 billion, a P/E ratio of 28.73, a P/E/G ratio of 2.46 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The firm has a 50-day simple moving average of $492.73 and a two-hundred day simple moving average of $456.97.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts predict that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is 34.07%.

Analyst Ratings Changes

Several research firms recently commented on HUBB. Wells Fargo & Company boosted their price objective on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Barclays raised their target price on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Stephens reiterated an “overweight” rating and set a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. Evercore boosted their price target on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $529.75.

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.