Cwm LLC Reduces Holdings in Hubbell Inc $HUBB

Cwm LLC lowered its position in Hubbell Inc (NYSE:HUBB) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,075 shares of the industrial products company’s stock after selling 1,136 shares during the period. Cwm LLC’s holdings in Hubbell were worth $4,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Townsquare Capital LLC boosted its position in Hubbell by 0.8% in the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock valued at $1,212,000 after buying an additional 22 shares during the last quarter. BSW Wealth Partners boosted its position in Hubbell by 2.9% in the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after buying an additional 22 shares during the last quarter. Unique Wealth LLC boosted its position in Hubbell by 2.6% in the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after buying an additional 23 shares during the last quarter. GAMMA Investing LLC boosted its position in Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after buying an additional 23 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Trading Up 0.4%

Hubbell stock opened at $548.53 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell Inc has a 12 month low of $333.57 and a 12 month high of $553.83. The stock’s 50 day simple moving average is $505.44 and its two-hundred day simple moving average is $471.35. The firm has a market cap of $29.16 billion, a PE ratio of 32.90, a P/E/G ratio of 2.76 and a beta of 1.00.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping the consensus estimate of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted $4.10 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts anticipate that Hubbell Inc will post 19.79 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, February 27th. Hubbell’s dividend payout ratio is currently 34.07%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HUBB shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Morgan Stanley upped 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 reiterated an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their target price on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Barclays upped their target price on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Five research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $533.50.

Insider Buying and Selling

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the sale, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the sale, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 34,689 shares of company stock worth $17,407,395. 0.63% of the stock is currently owned by company insiders.

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.