Oddo BHF Asset Management Sas Increases Position in Hubbell Inc $HUBB

Oddo BHF Asset Management Sas raised its holdings in shares of Hubbell Inc (NYSE:HUBBFree Report) by 38.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,453 shares of the industrial products company’s stock after buying an additional 1,236 shares during the period. Oddo BHF Asset Management Sas’ holdings in Hubbell were worth $1,978,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in HUBB. Thurston Springer Miller Herd & Titak Inc. increased its stake in 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 worth $25,000 after buying an additional 34 shares during the period. NBT Bank N A NY purchased a new position in Hubbell during the fourth quarter valued at approximately $27,000. Raiffeisen Bank International AG lifted its position in shares of Hubbell by 83.3% during the fourth 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 last quarter. Baillie Gifford & Co. lifted its position 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 stake in Hubbell by 630.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HUBB shares. UBS Group reaffirmed a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a report on Tuesday. Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Barclays increased their price target 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. Morgan Stanley boosted their price objective on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and an average price target of $554.38.

Check Out Our Latest Stock Report on Hubbell

Hubbell Stock Performance

Shares of Hubbell stock opened at $503.06 on Wednesday. Hubbell Inc has a one year low of $385.91 and a one year high of $565.50. The company has a market cap of $26.58 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.47 and a beta of 0.91. 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 business’s 50 day moving average price is $501.47 and its 200 day moving average price is $486.30.

Hubbell (NYSE:HUBBGet Free Report) last announced 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. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business posted $3.50 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, research analysts predict that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 29th. Hubbell’s payout ratio is 33.55%.

Hubbell Company Profile

(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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