Northwestern Mutual Wealth Management Co. Reduces Stock Holdings in Hubbell Inc $HUBB

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Hubbell Inc (NYSE:HUBB) by 87.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,819 shares of the industrial products company’s stock after selling 105,448 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Hubbell were worth $6,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its stake in Hubbell by 0.8% in the 3rd quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock valued at $1,212,000 after purchasing an additional 22 shares during the last quarter. BSW Wealth Partners raised its stake in Hubbell by 2.9% in the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 22 shares during the last quarter. GAMMA Investing LLC raised its stake in Hubbell by 2.2% in the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares during the last quarter. Ballentine Partners LLC raised its stake in Hubbell by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 24 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Up 3.1%

HUBB opened at $475.12 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The stock has a market capitalization of $25.26 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95. The business has a 50-day moving average of $503.29 and a two-hundred day moving average of $481.32. Hubbell Inc has a 12 month low of $374.68 and a 12 month high of $565.50.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results 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 company had revenue of $1.52 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, research analysts expect that Hubbell Inc will post 19.83 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $1.42 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s payout ratio is 33.55%.

Analyst Ratings Changes

HUBB has been the subject of several analyst reports. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Morgan Stanley boosted their target price on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Evercore boosted their target price on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company boosted their target price on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $546.25.

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.