Royal Bank of Canada Reduces Stock Holdings in Hubbell Inc $HUBB

Royal Bank of Canada reduced its position in shares of Hubbell Inc (NYSE:HUBB) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,194 shares of the industrial products company’s stock after selling 2,055 shares during the period. Royal Bank of Canada’s holdings in Hubbell were worth $44,750,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after buying an additional 34 shares during the period. Pinnacle Bancorp Inc. raised its position in shares of Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after buying an additional 33 shares during the period. NBT Bank N A NY purchased a new stake in shares of Hubbell during the 4th quarter valued at approximately $27,000. Raiffeisen Bank International AG raised its position in shares of Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in Hubbell by 62.8% in the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 27 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Up 0.0%

Shares of NYSE HUBB opened at $472.63 on Monday. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.32 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The business’s 50 day moving average is $489.43 and its two-hundred day moving average is $497.07.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the business posted $4.93 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Research analysts predict that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is 33.63%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. UBS Group reiterated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday. Stephens increased their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wells Fargo & Company raised 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. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and an average 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.