Hubbell Inc $HUBB Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Hubbell Inc (NYSE:HUBBFree Report) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,142,410 shares of the industrial products company’s stock after purchasing an additional 9,202 shares during the quarter. Deutsche Bank AG’s holdings in Hubbell were worth $507,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BSW Wealth Partners increased its stake in shares of Hubbell by 2.9% in the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 22 shares during the period. GAMMA Investing LLC increased its stake in shares of Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares during the period. Ballentine Partners LLC increased its stake in shares of Hubbell by 1.9% in the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 24 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 24 shares during the period. Finally, Quest Investment Management LLC increased its stake in shares of Hubbell by 1.3% in the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HUBB shares. Morgan Stanley raised their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Wells Fargo & Company upped their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays upped their price objective on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Stephens lifted their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $546.25.

Read Our Latest Report on Hubbell

Hubbell Price Performance

NYSE HUBB opened at $467.28 on Thursday. The stock’s 50-day moving average price is $502.31 and its two-hundred day moving average price is $484.66. 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 company has a market cap of $24.69 billion, a PE ratio of 27.60, a PEG ratio of 2.45 and a beta of 0.91. Hubbell Inc has a 1 year low of $380.86 and a 1 year high of $565.50.

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

Hubbell Announces Dividend

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

About Hubbell

(Free Report)

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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Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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