Hubbell Inc $HUBB Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of Hubbell Inc (NYSE:HUBB) by 5.3% in the 4th quarter, HoldingsChannel reports. The firm owned 126,599 shares of the industrial products company’s stock after purchasing an additional 6,332 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Hubbell were worth $56,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Foundations Investment Advisors LLC acquired a new position in Hubbell during the 4th quarter worth $206,000. Huntington National Bank grew its stake in Hubbell by 4.5% during the 4th quarter. Huntington National Bank now owns 816 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 35 shares in the last quarter. Geode Capital Management LLC grew its stake in Hubbell by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after purchasing an additional 10,898 shares in the last quarter. AlphaQuest LLC grew its stake in Hubbell by 6.0% during the 4th quarter. AlphaQuest LLC now owns 3,035 shares of the industrial products company’s stock worth $1,348,000 after purchasing an additional 173 shares in the last quarter. Finally, Allstate Corp grew its stake in Hubbell by 104.3% during the 4th quarter. Allstate Corp now owns 3,646 shares of the industrial products company’s stock worth $1,619,000 after purchasing an additional 1,861 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Stock Down 0.1%

Hubbell stock opened at $473.33 on Friday. Hubbell Inc has a fifty-two week low of $374.68 and a fifty-two 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 company has a market capitalization of $25.01 billion, a P/E ratio of 27.96, a PEG ratio of 2.39 and a beta of 0.95. The stock has a 50-day simple moving average of $503.78 and a 200-day simple moving average of $481.77.

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

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $1.42 dividend. 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 payout ratio is presently 33.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Evercore upped their price objective on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 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 report on Monday, May 4th. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Mizuho set a $575.00 price objective on Hubbell in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

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.