Lombard Odier Asset Management Switzerland SA Takes Position in Hubbell Inc $HUBB

Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Hubbell Inc (NYSE:HUBB) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 1,895 shares of the industrial products company’s stock, valued at approximately $930,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BSW Wealth Partners raised its stake in 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 buying an additional 22 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Hubbell by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after buying an additional 24 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Hubbell by 2.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 24 shares in the last quarter. Quest Investment Management LLC boosted its position in shares of Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after acquiring an additional 25 shares in the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Up 2.7%

HUBB stock opened at $499.14 on Tuesday. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89. The company has a fifty day moving average price of $488.83 and a 200 day moving average price of $496.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. Hubbell Inc has a 12 month low of $403.82 and a 12 month high of $565.50.

Hubbell (NYSE:HUBB) last issued 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 company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts expect that Hubbell Inc will post 19.98 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HUBB shares. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. UBS Group restated a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Wells Fargo & Company lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Finally, Stephens raised 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. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.