Hubbell Inc $HUBB Shares Purchased by MUFG Securities EMEA plc

MUFG Securities EMEA plc raised its holdings in shares of Hubbell Inc (NYSE:HUBB) by 114.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,181 shares of the industrial products company’s stock after acquiring an additional 1,164 shares during the quarter. MUFG Securities EMEA plc’s holdings in Hubbell were worth $969,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp lifted its position in Hubbell by 3.6% during the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock valued at $973,337,000 after buying an additional 78,539 shares in the last quarter. Geode Capital Management LLC lifted its position in Hubbell by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after buying an additional 10,898 shares in the last quarter. Wellington Management Group LLP lifted its position in Hubbell by 18.5% during the third quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock valued at $450,075,000 after buying an additional 163,626 shares in the last quarter. Boston Partners lifted its position in Hubbell by 30.7% during the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after buying an additional 172,990 shares in the last quarter. Finally, Troy Asset Management Ltd lifted its position in Hubbell by 60.7% during the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after buying an additional 208,327 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Trading Up 3.6%

NYSE HUBB opened at $479.78 on Wednesday. The company’s fifty day simple moving average is $503.18 and its 200-day simple moving average is $482.00. Hubbell Inc has a 52 week low of $380.86 and a 52 week high of $565.50. 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 has a market cap of $25.35 billion, a P/E ratio of 28.34, a PEG ratio of 2.33 and a beta of 0.91.

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

Hubbell Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HUBB. JPMorgan Chase & Co. lifted their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays lifted 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. Evercore boosted their target price on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Mizuho set a $575.00 target price on shares of Hubbell in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Company 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.