DNB Asset Management AS raised its holdings in Hubbell Inc (NYSE:HUBB – Free Report) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 38,865 shares of the industrial products company’s stock after purchasing an additional 1,832 shares during the period. DNB Asset Management AS’s holdings in Hubbell were worth $17,260,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew 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 acquiring an additional 3,542 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Hubbell by 64.0% during 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 in the last quarter. Nordea Investment Management AB boosted its stake in shares of Hubbell by 1.5% during 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 in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Hubbell by 32.4% during 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 in the last quarter. Finally, Troy Asset Management Ltd boosted its stake in shares of Hubbell by 5.8% during the third quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock valued at $147,722,000 after purchasing an additional 18,767 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.
Analyst Ratings Changes
HUBB has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Stephens lifted their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Mizuho set a $575.00 price target on Hubbell in a research note on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.
Hubbell Price Performance
Hubbell stock opened at $480.71 on Friday. The stock’s 50 day moving average is $504.55 and its 200 day moving average is $481.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The firm has a market cap of $25.55 billion, a P/E ratio of 28.39, a P/E/G ratio of 2.42 and a beta of 0.95. Hubbell Inc has a one year low of $374.68 and a one year high of $565.50.
Hubbell (NYSE:HUBB – Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous 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, research analysts expect that Hubbell Inc will post 19.83 EPS for the current year.
Hubbell Dividend Announcement
The business 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 $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s payout ratio is currently 33.55%.
Insider Transactions at Hubbell
In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the transaction, the insider directly owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.
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.
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