Hsbc Holdings PLC Increases Stock Position in Hubbell Inc $HUBB

Hsbc Holdings PLC raised its stake in shares of Hubbell Inc (NYSE:HUBB) by 50.2% in the 4th quarter, Holdings Channel reports. The firm owned 208,876 shares of the industrial products company’s stock after acquiring an additional 69,790 shares during the period. Hsbc Holdings PLC’s holdings in Hubbell were worth $92,832,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. 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 worth $25,000 after purchasing an additional 34 shares during the last quarter. NBT Bank N A NY bought a new position in Hubbell during the fourth quarter valued at approximately $27,000. Raiffeisen Bank International AG grew its holdings in Hubbell by 83.3% during 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 in the last quarter. Baillie Gifford & Co. grew its holdings in Hubbell by 62.8% during the 4th 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 in the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Price Performance

HUBB stock opened at $524.49 on Monday. The stock has a market cap of $27.71 billion, a PE ratio of 30.98, a P/E/G ratio of 2.64 and a beta of 0.91. Hubbell Inc has a 12 month low of $385.91 and a 12 month high of $565.50. The company has a 50-day moving average price of $502.16 and a 200 day moving average price of $488.20. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 posted $3.50 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts anticipate that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is currently 33.55%.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several recent research reports. Barclays upped their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. UBS Group restated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Morgan Stanley upped 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. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and an average price target of $554.38.

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.