DB Fitzpatrick & Co Inc Reduces Stake in Hubbell Inc $HUBB

DB Fitzpatrick & Co Inc lessened its position in shares of Hubbell Inc (NYSE:HUBB) by 31.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,804 shares of the industrial products company’s stock after selling 1,312 shares during the quarter. Hubbell comprises approximately 1.2% of DB Fitzpatrick & Co Inc’s portfolio, making the stock its 25th largest position. DB Fitzpatrick & Co Inc’s holdings in Hubbell were worth $1,376,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its position in shares of Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 34 shares during the period. NBT Bank N A NY acquired a new position in Hubbell during the fourth quarter worth $27,000. Raiffeisen Bank International AG lifted its stake in 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 purchasing an additional 30 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Hubbell during the first quarter worth $33,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of HUBB opened at $486.88 on Friday. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The stock has a market capitalization of $25.73 billion, a PE ratio of 28.76, a PEG ratio of 2.47 and a beta of 0.89. 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 stock has a 50-day simple moving average of $498.07 and a 200-day simple moving average of $492.81.

Hubbell (NYSE:HUBB) last released its 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. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. The business’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. On average, analysts predict that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Wells Fargo & Company raised their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Morgan Stanley lifted their target price on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Stephens boosted their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Barclays increased their price target on shares of 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 stock. According to data from MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and an average price target 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.