Hubbell Inc $HUBB Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH boosted its holdings in Hubbell Inc (NYSE:HUBB) by 65.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,659 shares of the industrial products company’s stock after acquiring an additional 15,725 shares during the period. Erste Asset Management GmbH’s holdings in Hubbell were worth $17,862,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Hubbell by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock valued at $38,611,000 after purchasing an additional 3,542 shares during the period. DNB Asset Management AS raised its position in Hubbell by 4.9% in the fourth quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock valued at $17,260,000 after purchasing an additional 1,832 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Hubbell by 64.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock valued at $1,669,000 after purchasing an additional 1,514 shares during the period. Perigon Wealth Management LLC raised its position in Hubbell by 32.4% in the fourth quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock valued at $7,372,000 after purchasing an additional 4,060 shares during the period. Finally, Nordea Investment Management AB raised its position in Hubbell by 1.5% in the fourth quarter. Nordea Investment Management AB now owns 206,382 shares of the industrial products company’s stock valued at $92,356,000 after purchasing an additional 2,983 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HUBB. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company upped their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Barclays upped their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley upped their price objective on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Stephens upped their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $546.25.

Hubbell Stock Up 1.8%

Hubbell stock opened at $485.30 on Tuesday. 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’s fifty day simple moving average is $502.29 and its 200-day simple moving average is $483.77. The firm has a market capitalization of $25.64 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.40 and a beta of 0.91. Hubbell Inc has a twelve month low of $380.86 and a twelve month high of $565.50.

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

Hubbell Announces Dividend

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

Hubbell 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.