Fort Washington Investment Advisors Inc. OH Reduces Stock Position in Hubbell Inc $HUBB

Fort Washington Investment Advisors Inc. OH cut its position in Hubbell Inc (NYSE:HUBB) by 23.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 135,540 shares of the industrial products company’s stock after selling 42,153 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.25% of Hubbell worth $66,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. DNB Asset Management AS raised its holdings in shares of Hubbell by 4.9% during the fourth quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock worth $17,260,000 after purchasing an additional 1,832 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in Hubbell by 32.4% in the fourth quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock valued at $7,372,000 after purchasing an additional 4,060 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Hubbell by 1.5% in the fourth quarter. Nordea Investment Management AB now owns 206,382 shares of the industrial products company’s stock valued at $92,356,000 after purchasing an additional 2,983 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Hubbell during the 3rd quarter worth about $7,462,000. Finally, Handelsbanken Fonder AB grew its position in Hubbell by 143.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 32,721 shares of the industrial products company’s stock worth $14,080,000 after purchasing an additional 19,298 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

NYSE:HUBB opened at $517.20 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 52 week low of $402.04 and a 52 week high of $565.50. The stock’s 50-day moving average price is $500.86 and its 200-day moving average price is $490.95. The stock has a market capitalization of $27.33 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 2.61 and a beta of 0.91.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates 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%.Hubbell’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities analysts expect that Hubbell Inc will post 19.84 EPS 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 given a dividend of $1.42 per share. The ex-dividend date was Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is 33.55%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HUBB. Wells Fargo & Company boosted their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Morgan Stanley boosted their price target on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. UBS Group reaffirmed a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Barclays lifted their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Company 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.