RWC Asset Management LLP Raises Stock Position in Hubbell Inc $HUBB

RWC Asset Management LLP lifted its stake in shares of Hubbell Inc (NYSE:HUBB) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,235 shares of the industrial products company’s stock after buying an additional 2,479 shares during the quarter. RWC Asset Management LLP’s holdings in Hubbell were worth $14,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HUBB. State Street Corp raised its position in shares of Hubbell by 3.6% in the 3rd quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock worth $973,337,000 after acquiring an additional 78,539 shares in the last quarter. Geode Capital Management LLC boosted its position 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 valued at $608,704,000 after purchasing an additional 10,898 shares in the last quarter. Wellington Management Group LLP grew its stake in Hubbell by 18.5% in the third quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock worth $450,075,000 after purchasing an additional 163,626 shares during the period. Boston Partners grew its stake in Hubbell by 30.7% in the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after purchasing an additional 172,990 shares during the period. Finally, Troy Asset Management Ltd raised its holdings in Hubbell by 60.7% in the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after purchasing an additional 208,327 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Stock Down 0.1%

Shares of Hubbell stock opened at $476.37 on Monday. The company has a 50-day simple moving average of $502.20 and a two-hundred day simple moving average of $483.29. The stock has a market capitalization of $25.17 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. Hubbell Inc has a 52-week low of $380.86 and a 52-week high of $565.50. 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 (NYSE:HUBB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion during 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%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, analysts anticipate that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio is presently 33.55%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Stephens boosted their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company upped their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Barclays boosted their price target on 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

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.