Handelsbanken Fonder AB Purchases 13,984 Shares of Hubbell Inc $HUBB

Handelsbanken Fonder AB raised its position in shares of Hubbell Inc (NYSE:HUBB) by 42.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 46,705 shares of the industrial products company’s stock after buying an additional 13,984 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hubbell were worth $20,742,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Townsquare Capital LLC raised its holdings in shares of Hubbell by 0.8% during the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock valued at $1,212,000 after purchasing an additional 22 shares during the period. BSW Wealth Partners raised its holdings in shares of Hubbell by 2.9% during the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 22 shares during the period. GAMMA Investing LLC raised its holdings in shares of Hubbell by 2.2% during the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares during the period. Ballentine Partners LLC raised its holdings in shares of 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 purchasing an additional 24 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in shares of Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HUBB. JPMorgan Chase & Co. upped their price objective on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Barclays upped their price objective 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. Evercore upped their price objective on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company upped their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Five equities research 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Stock Up 0.2%

Shares of NYSE:HUBB opened at $462.51 on Thursday. The stock has a market cap of $24.59 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.33 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 12-month low of $374.68 and a 12-month high of $565.50. The business’s 50 day moving average is $503.72 and its 200 day moving average is $481.44.

Hubbell (NYSE:HUBB) last announced its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.Hubbell’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, sell-side analysts forecast that Hubbell Inc will post 19.83 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

Hubbell Company 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.