Hubbell Inc $HUBB Shares Acquired by Troy Asset Management Ltd

Troy Asset Management Ltd raised its position in shares of Hubbell Inc (NYSE:HUBB) by 60.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551,620 shares of the industrial products company’s stock after acquiring an additional 208,327 shares during the quarter. Hubbell makes up about 6.1% of Troy Asset Management Ltd’s holdings, making the stock its 7th largest holding. Troy Asset Management Ltd’s holdings in Hubbell were worth $244,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in shares of Hubbell by 3.6% during the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock valued at $973,337,000 after acquiring an additional 78,539 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Hubbell by 18.5% during the third quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock valued at $450,075,000 after acquiring an additional 163,626 shares during the last quarter. Boston Partners raised its holdings in shares of Hubbell by 30.7% during the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after acquiring an additional 172,990 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Hubbell by 1.1% during the third quarter. Northern Trust Corp now owns 530,272 shares of the industrial products company’s stock valued at $228,181,000 after acquiring an additional 5,806 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hubbell by 9.4% during the third quarter. Dimensional Fund Advisors LP now owns 476,560 shares of the industrial products company’s stock valued at $205,055,000 after acquiring an additional 40,962 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on HUBB shares. Evercore increased their target price on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Barclays increased their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Morgan Stanley increased their target price on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. increased their target price on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

Hubbell Price Performance

NYSE:HUBB opened at $475.12 on Monday. Hubbell Inc has a one year low of $374.68 and a one year 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. The stock has a market cap of $25.26 billion, a PE ratio of 28.06, a P/E/G ratio of 2.40 and a beta of 0.95. The stock has a 50 day moving average price of $503.29 and a 200 day moving average price of $481.42.

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

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is currently 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.