The Manufacturers Life Insurance Company Has $13.71 Million Stake in Hubbell Inc $HUBB

The Manufacturers Life Insurance Company trimmed its stake in shares of Hubbell Inc (NYSE:HUBB) by 7.7% in the first quarter, HoldingsChannel.com reports. The fund owned 27,934 shares of the industrial products company’s stock after selling 2,326 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Hubbell were worth $13,708,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after buying an additional 34 shares during the period. Pinnacle Bancorp Inc. lifted its holdings 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 acquiring an additional 33 shares during the period. NBT Bank N A NY bought a new stake in shares of Hubbell during the 4th quarter worth approximately $27,000. Raiffeisen Bank International AG boosted its position in shares of 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, Baillie Gifford & Co. boosted its holdings in shares of Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Up 0.0%

NYSE HUBB opened at $472.63 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a market cap of $24.97 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 2.32 and a beta of 0.90. The business’s fifty day moving average is $489.43 and its 200 day moving average is $497.07.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company posted $4.93 EPS. Hubbell’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, sell-side analysts expect that Hubbell Inc will post 20.41 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is currently 33.63%.

Analyst Ratings Changes

HUBB has been the subject of a number of research analyst reports. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Barclays raised their price objective on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Wells Fargo & Company lifted their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research note on Wednesday. Finally, UBS Group reissued a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $554.38.

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.