McLaughlin Asset Management Inc. Invests $862,000 in Hubbell Inc $HUBB

McLaughlin Asset Management Inc. purchased a new stake in Hubbell Inc (NYSE:HUBB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,940 shares of the industrial products company’s stock, valued at approximately $862,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBB. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Hubbell by 147.8% in 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 purchasing an additional 34 shares during the last quarter. NBT Bank N A NY acquired a new position in Hubbell in the 4th quarter valued at about $27,000. Raiffeisen Bank International AG grew its stake in Hubbell by 83.3% in the 4th 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. raised its holdings in Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 27 shares during the period. Finally, Harbor Investment Advisory LLC raised its holdings in Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 63 shares during the period. Institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HUBB shares. Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. UBS Group reissued a “neutral” rating and set a $515.00 price target on shares of Hubbell in a report on Tuesday. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Barclays raised their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $554.38.

Hubbell Stock Performance

HUBB opened at $524.49 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. Hubbell Inc has a 52-week low of $385.91 and a 52-week high of $565.50. The firm has a market cap of $27.71 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 2.57 and a beta of 0.91. The business’s fifty day moving average is $502.21 and its 200-day moving average is $487.52.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating 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 business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Hubbell’s revenue for the quarter was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts expect that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $1.42 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s 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.