8,091 Shares in Hubbell Inc $HUBB Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. purchased a new stake in shares of Hubbell Inc (NYSE:HUBB) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 8,091 shares of the industrial products company’s stock, valued at approximately $3,971,000.

A number of other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Hubbell by 140.4% in the fourth 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 acquiring an additional 1,468,701 shares during the last quarter. State Street Corp increased its stake in shares of Hubbell by 1.8% during the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after purchasing an additional 40,623 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Hubbell by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after purchasing an additional 10,898 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Hubbell by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock worth $539,257,000 after purchasing an additional 60,071 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Hubbell by 0.8% in the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock worth $507,356,000 after purchasing an additional 9,202 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of HUBB opened at $510.52 on Wednesday. The company has a market cap of $26.98 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.72 and a beta of 0.91. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $501.73 and a 200-day moving average price of $489.55. Hubbell Inc has a 12-month low of $396.34 and a 12-month high of $565.50.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping 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 net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities analysts forecast that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is presently 33.55%.

Analysts Set New Price Targets

Several brokerages have weighed in on HUBB. UBS Group reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Stephens boosted their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Wells Fargo & Company raised their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

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.