Royal Bank of Canada reduced its holdings in Hubbell Inc (NYSE:HUBB – Free Report) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,194 shares of the industrial products company’s stock after selling 2,055 shares during the period. Royal Bank of Canada owned about 0.17% of Hubbell worth $44,750,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in HUBB. Wellington Management Group LLP raised its position in Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after acquiring an additional 1,468,701 shares during the period. State Street Corp grew its position in shares of Hubbell by 1.8% in the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after purchasing an additional 40,623 shares during the period. Geode Capital Management LLC increased its stake in shares of Hubbell by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after purchasing an additional 10,898 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Hubbell by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock worth $539,257,000 after purchasing an additional 60,071 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Hubbell by 0.8% in the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock valued at $507,356,000 after buying an additional 9,202 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wells Fargo & Company increased their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday. Stephens boosted their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $554.38.
Hubbell Stock Up 0.0%
Shares of NYSE HUBB opened at $472.63 on Monday. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The stock has a market cap of $24.97 billion, a PE ratio of 27.98, a P/E/G ratio of 2.32 and a beta of 0.90. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average of $489.43 and a 200 day moving average of $497.07.
Hubbell (NYSE:HUBB – Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, sell-side analysts predict that Hubbell Inc will post 20.41 EPS for the current fiscal year.
Hubbell Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is presently 33.63%.
Hubbell Company 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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