Hubbell Inc $HUBB Stock Position Increased by Tobam

Tobam increased its position in Hubbell Inc (NYSE:HUBB) by 18,616.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,123 shares of the industrial products company’s stock after acquiring an additional 1,117 shares during the period. Tobam’s holdings in Hubbell were worth $499,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 1,518 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Hubbell in the 1st quarter worth approximately $599,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Hubbell by 31.1% during the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of HUBB opened at $524.49 on Friday. The company has a 50-day moving average of $502.16 and a two-hundred day moving average of $487.78. The stock has a market cap of $27.71 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.64 and a beta of 0.91. 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 Inc has a one year low of $385.91 and a one year high of $565.50.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities research analysts expect that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s payout ratio is 33.55%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HUBB. Morgan Stanley raised their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Stephens increased their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. UBS Group reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday. Finally, Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.