Geode Capital Management LLC increased its stake in shares of Hubbell Inc (NYSE:HUBB – Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,376,000 shares of the industrial products company’s stock after buying an additional 10,898 shares during the quarter. Geode Capital Management LLC’s holdings in Hubbell were worth $608,704,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 valued at $25,000 after buying an additional 34 shares during the last quarter. NBT Bank N A NY purchased a new stake in shares of Hubbell during the fourth quarter valued at $27,000. Hantz Financial Services Inc. grew its holdings in shares of Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after buying an additional 41 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after buying an additional 27 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Hubbell by 630.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after buying an additional 63 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on HUBB shares. Morgan Stanley boosted their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Barclays boosted their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Wells Fargo & Company boosted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $546.25.
Hubbell Price Performance
NYSE:HUBB opened at $473.33 on Friday. Hubbell Inc has a one year low of $374.68 and a one year high of $565.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The firm has a market cap of $25.01 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 2.39 and a beta of 0.95. The firm’s fifty day moving average is $503.78 and its two-hundred day moving average is $481.77.
Hubbell (NYSE:HUBB – Get Free Report) last posted 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. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts expect that Hubbell Inc will post 19.84 EPS for the current year.
Hubbell Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio is presently 33.55%.
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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