Hubbell Inc $HUBB Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in shares of Hubbell Inc (NYSE:HUBB) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,460 shares of the industrial products company’s stock after buying an additional 5,096 shares during the quarter. Vontobel Holding Ltd. owned 0.22% of Hubbell worth $51,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUBB. Thurston Springer Miller Herd & Titak Inc. grew its position in Hubbell by 147.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after buying an additional 34 shares during the period. NBT Bank N A NY acquired a new position in Hubbell during the fourth quarter worth about $27,000. Raiffeisen Bank International AG grew its position in Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the period. Hantz Financial Services Inc. grew its position in Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after buying an additional 41 shares during the period. Finally, Baillie Gifford & Co. grew its position in Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after buying an additional 27 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Up 1.4%

HUBB stock opened at $476.04 on Friday. The company’s 50 day simple moving average is $501.37 and its 200-day simple moving average is $484.92. The firm has a market capitalization of $25.15 billion, a PE ratio of 28.12, a P/E/G ratio of 2.37 and a beta of 0.91. Hubbell Inc has a 12 month low of $380.86 and a 12 month high of $565.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94.

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

Hubbell Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently commented on HUBB. Barclays increased their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Wells Fargo & Company increased their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Stephens increased 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. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $546.25.

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.