Anchor Capital Advisors LLC Sells 2,664 Shares of Hubbell Inc $HUBB

Anchor Capital Advisors LLC lowered its stake in shares of Hubbell Inc (NYSE:HUBB) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,465 shares of the industrial products company’s stock after selling 2,664 shares during the period. Hubbell makes up 1.4% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Anchor Capital Advisors LLC’s holdings in Hubbell were worth $47,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUBB. State Street Corp raised its position in shares of Hubbell by 3.6% during the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock worth $973,337,000 after purchasing an additional 78,539 shares during the period. Geode Capital Management LLC grew its holdings in shares of Hubbell by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after buying an additional 10,898 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Hubbell by 18.5% during the third quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock worth $450,075,000 after acquiring an additional 163,626 shares in the last quarter. Boston Partners increased its position in shares of Hubbell by 30.7% during the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after acquiring an additional 172,990 shares in the last quarter. Finally, Troy Asset Management Ltd raised its stake in shares of Hubbell by 60.7% in the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after purchasing an additional 208,327 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

HUBB has been the subject of a number of analyst reports. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. increased their target price on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Stephens raised their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wells Fargo & Company boosted their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Barclays increased their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $546.25.

Hubbell Price Performance

Shares of NYSE HUBB opened at $479.78 on Wednesday. Hubbell Inc has a 1-year low of $380.86 and a 1-year high of $565.50. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $503.18 and a two-hundred day simple moving average of $482.00. The firm has a market cap of $25.35 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.91.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts anticipate that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend 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.