Epoch Investment Partners Inc. Lowers Holdings in Hubbell Inc $HUBB

Epoch Investment Partners Inc. trimmed its holdings in Hubbell Inc (NYSE:HUBB) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,929 shares of the industrial products company’s stock after selling 1,590 shares during the period. Epoch Investment Partners Inc.’s holdings in Hubbell were worth $17,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. Arax Advisory Partners lifted its position in shares of Hubbell by 6.2% in the fourth quarter. Arax Advisory Partners now owns 614 shares of the industrial products company’s stock worth $273,000 after buying an additional 36 shares in the last quarter. Brasada Capital Management LP purchased a new stake in shares of Hubbell in the fourth quarter worth about $666,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Hubbell by 14.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 295,588 shares of the industrial products company’s stock worth $131,274,000 after buying an additional 37,490 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Hubbell by 247.2% in the fourth quarter. Kestra Advisory Services LLC now owns 5,808 shares of the industrial products company’s stock worth $2,579,000 after buying an additional 4,135 shares in the last quarter. Finally, Advisory Research Inc. lifted its position in shares of Hubbell by 2.4% in the fourth quarter. Advisory Research Inc. now owns 23,460 shares of the industrial products company’s stock worth $10,419,000 after buying an additional 551 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Trading Down 0.2%

Shares of HUBB stock opened at $476.04 on Monday. Hubbell Inc has a 1 year low of $380.86 and a 1 year high of $565.50. 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’s 50 day simple moving average is $501.37 and its two-hundred day simple moving average is $485.35. The company has a market cap of $25.15 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91.

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, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts predict that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $1.42 per share. The ex-dividend date is 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 33.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Wells Fargo & Company boosted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley boosted their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Barclays boosted their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and a consensus price target 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.