Hubbell Inc $HUBB Stake Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Hubbell Inc (NYSE:HUBB) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 213,136 shares of the industrial products company’s stock after buying an additional 16,868 shares during the period. Hsbc Holdings PLC’s holdings in Hubbell were worth $111,423,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HUBB. BlackRock Inc. acquired a new position in Hubbell in the 2nd quarter worth approximately $2,455,986,000. Bank of New York Mellon Corp acquired a new stake in Hubbell during the 2nd quarter valued at $783,142,000. Wellington Management Group LLP raised its stake in Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after purchasing an additional 1,468,701 shares during the period. Deutsche Bank AG acquired a new stake in Hubbell during the 2nd quarter valued at $610,053,000. Finally, Bank of America Corp DE purchased a new stake in shares of Hubbell in the second quarter valued at $204,918,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hubbell

In related news, VP Jonathan Del Nero sold 547 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HUBB shares. Morgan Stanley raised their target price on Hubbell from $565.00 to $575.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Robert W. Baird started coverage on Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target on the stock. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. UBS Group restated a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and an average price target of $555.00.

Hubbell Trading Up 0.0%

NYSE HUBB opened at $460.95 on Monday. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50. The firm’s fifty day simple moving average is $484.58 and its 200-day simple moving average is $495.16. The company has a market capitalization of $24.35 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.25 and a beta of 0.89.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $4.93 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, sell-side analysts anticipate that Hubbell Inc will post 20.43 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s payout ratio is presently 33.63%.

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.