Sterling Capital Management LLC Sells 1,370 Shares of Hubbell Inc $HUBB

Sterling Capital Management LLC trimmed its position in shares of Hubbell Inc (NYSE:HUBB) by 43.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,802 shares of the industrial products company’s stock after selling 1,370 shares during the quarter. Sterling Capital Management LLC’s holdings in Hubbell were worth $884,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Hubbell by 147.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after buying an additional 34 shares during the last quarter. NBT Bank N A NY acquired a new position in shares of Hubbell during the fourth quarter valued at about $27,000. Raiffeisen Bank International AG increased its position in shares of Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 27 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 63 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HUBB. Barclays raised their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Morgan Stanley raised their target price on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Weiss Ratings upgraded Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Stephens lifted their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and an average target price of $554.38.

Hubbell Stock Up 1.6%

HUBB opened at $522.92 on Wednesday. Hubbell Inc has a fifty-two week low of $402.04 and a fifty-two week high of $565.50. The firm has a market capitalization of $27.63 billion, a P/E ratio of 30.89, a PEG ratio of 2.59 and a beta of 0.91. The company’s 50-day moving average is $500.44 and its 200 day moving average is $492.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts expect that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is currently 33.55%.

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.