Guinness Asset Management LTD Sells 3,042 Shares of Hubbell Inc $HUBB

Guinness Asset Management LTD reduced its position in Hubbell Inc (NYSE:HUBB) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,023 shares of the industrial products company’s stock after selling 3,042 shares during the quarter. Guinness Asset Management LTD owned about 0.06% of Hubbell worth $14,455,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in Hubbell by 603.2% in the 4th quarter. Global Retirement Partners LLC now owns 879 shares of the industrial products company’s stock valued at $390,000 after buying an additional 754 shares during the period. ABN Amro Investment Solutions increased its holdings in Hubbell by 6.1% in the 4th quarter. ABN Amro Investment Solutions now owns 15,700 shares of the industrial products company’s stock valued at $6,973,000 after buying an additional 909 shares during the period. Banque Cantonale Vaudoise increased its holdings in Hubbell by 8.4% in the 4th quarter. Banque Cantonale Vaudoise now owns 3,669 shares of the industrial products company’s stock valued at $1,629,000 after buying an additional 284 shares during the period. Tredje AP fonden increased its holdings in Hubbell by 27.1% in the 4th quarter. Tredje AP fonden now owns 7,139 shares of the industrial products company’s stock valued at $3,171,000 after buying an additional 1,522 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Hubbell by 42.7% in the 4th quarter. Handelsbanken Fonder AB now owns 46,705 shares of the industrial products company’s stock valued at $20,742,000 after buying an additional 13,984 shares during the period. 88.16% of the stock is owned by institutional investors.

Hubbell Trading Up 3.1%

Shares of Hubbell stock opened at $475.12 on Friday. The firm has a market capitalization of $25.26 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $503.29 and its 200 day moving average is $481.32. Hubbell Inc has a 1 year low of $374.68 and a 1 year high of $565.50.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts forecast that Hubbell Inc will post 19.83 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $1.42 per share. The ex-dividend date is Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

Analysts Set New Price Targets

Several equities analysts have commented on HUBB shares. Stephens raised their target price on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Wells Fargo & Company lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barclays lifted their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, Evercore lifted their price target on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

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.