Knollwood Investment Advisory LLC Sells 1,073 Shares of Hubbell Inc $HUBB

Knollwood Investment Advisory LLC cut its stake in shares of Hubbell Inc (NYSE:HUBB) by 22.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,734 shares of the industrial products company’s stock after selling 1,073 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in Hubbell were worth $1,658,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. BSW Wealth Partners grew its stake in shares of Hubbell by 2.9% during the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 22 shares during the period. GAMMA Investing LLC grew its stake in shares of Hubbell by 2.2% during the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 23 shares during the period. Ballentine Partners LLC grew its stake in shares of Hubbell by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after acquiring an additional 24 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Hubbell by 2.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 24 shares during the period. Finally, Quest Investment Management LLC grew its stake in shares of Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after acquiring an additional 25 shares during the period. 88.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HUBB shares. Barclays boosted their price objective on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Stephens boosted their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Finally, Morgan Stanley boosted their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Stock Up 1.4%

NYSE HUBB opened at $476.04 on Friday. The stock’s 50 day moving average is $501.37 and its 200 day moving average is $484.92. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 12 month low of $380.86 and a 12 month high of $565.50. The stock has a market cap of $25.15 billion, a PE ratio of 28.12, a P/E/G ratio of 2.40 and a beta of 0.91.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts predict that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio is 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.