1,519 Shares in Hubbell Inc $HUBB Acquired by Baer Investment Advisory LLC

Baer Investment Advisory LLC acquired a new position in shares of Hubbell Inc (NYSE:HUBB) during the 1st quarter, Holdings Channel.com reports. The firm acquired 1,519 shares of the industrial products company’s stock, valued at approximately $745,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HUBB. Pinnacle Bancorp Inc. increased its stake in shares of Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after buying an additional 33 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 worth $25,000 after acquiring an additional 34 shares during the period. NBT Bank N A NY bought a new position in Hubbell during the 4th quarter worth about $27,000. Raiffeisen Bank International AG grew its holdings in Hubbell by 83.3% during the 4th 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. Finally, Leonteq Securities AG bought a new position in Hubbell during the 1st quarter worth about $33,000. 88.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HUBB shares. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Stephens increased their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Morgan Stanley lifted their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Finally, UBS Group reissued a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Stock Performance

HUBB stock opened at $486.88 on Friday. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.46 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 firm has a 50-day simple moving average of $496.81 and a two-hundred day simple moving average of $492.77.

Hubbell (NYSE:HUBB) last issued 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. 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 analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities analysts forecast that Hubbell Inc will post 19.81 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s payout ratio is currently 33.55%.

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.