Royal London Asset Management Ltd. Has $199.31 Million Position in Hubbell Inc $HUBB

Royal London Asset Management Ltd. lifted its stake in Hubbell Inc (NYSE:HUBB) by 25.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 380,948 shares of the industrial products company’s stock after acquiring an additional 78,357 shares during the period. Royal London Asset Management Ltd.’s holdings in Hubbell were worth $199,312,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC increased its stake in Hubbell by 1.9% during the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after acquiring an additional 24 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Hubbell by 2.0% in 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 during the period. Quest Investment Management LLC lifted its position in shares of Hubbell by 1.3% in 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 during the period. Gulf International Bank UK Ltd grew its holdings in shares of Hubbell by 1.1% during the 4th quarter. Gulf International Bank UK Ltd now owns 2,678 shares of the industrial products company’s stock worth $1,189,000 after purchasing an additional 28 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in shares of Hubbell by 1.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,698 shares of the industrial products company’s stock worth $833,000 after purchasing an additional 28 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Price Performance

Hubbell stock opened at $459.86 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The firm has a market cap of $24.29 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.30 and a beta of 0.90. The business’s fifty day moving average is $491.58 and its two-hundred day moving average is $497.43. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the business earned $4.93 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities research analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 1.2%. Hubbell’s dividend payout ratio is currently 33.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Robert W. Baird started coverage on Hubbell in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. Barclays lifted their price target on shares of Hubbell from $481.00 to $503.00 and gave the company 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. 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 research note on Friday, May 1st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $553.89.

Insiders Place Their Bets

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the transaction, the vice president directly owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

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.