Walter Public Investments Inc. Sells 5,722 Shares of Hubbell Inc $HUBB

Walter Public Investments Inc. decreased its position in shares of Hubbell Inc (NYSE:HUBB) by 21.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,168 shares of the industrial products company’s stock after selling 5,722 shares during the period. Hubbell accounts for about 2.5% of Walter Public Investments Inc.’s investment portfolio, making the stock its 16th largest position. Walter Public Investments Inc.’s holdings in Hubbell were worth $10,388,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HUBB. Jones Financial Companies Lllp increased its stake in shares of Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 1,518 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Hubbell by 18.9% during the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after buying an additional 196 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after buying an additional 155 shares in the last quarter. Acadian Asset Management LLC bought a new position in Hubbell in the 1st quarter worth $599,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Hubbell by 31.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $486.88 on Friday. The company has a market cap of $25.73 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.46 and a beta of 0.89. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The firm’s fifty day moving average is $496.81 and its two-hundred day moving average is $492.77.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating the consensus estimate of $3.87 by $0.06. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, analysts anticipate that Hubbell Inc will post 19.81 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio is presently 33.55%.

Wall Street Analyst Weigh In

HUBB has been the topic of a number of recent analyst reports. Stephens raised their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Barclays upped their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. UBS Group reiterated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Weiss Ratings raised Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.