Hubbell Inc $HUBB Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in Hubbell Inc (NYSE:HUBB) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 242,405 shares of the industrial products company’s stock after selling 3,080 shares during the period. Janus Henderson Group PLC’s holdings in Hubbell were worth $119,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Hubbell by 140.4% during 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 buying an additional 1,468,701 shares during the last quarter. State Street Corp grew its holdings in Hubbell by 1.8% in 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 buying an additional 40,623 shares in the last quarter. Geode Capital Management LLC grew its holdings in Hubbell by 0.8% in 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 buying an additional 10,898 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in 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 valued at $539,257,000 after acquiring an additional 60,071 shares during the period. Finally, Deutsche Bank AG increased its position in Hubbell by 0.8% in the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock valued at $507,356,000 after acquiring an additional 9,202 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $472.63 on Friday. The stock has a market cap of $24.97 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.32 and a beta of 0.89. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.94. Hubbell Inc has a 12 month low of $403.82 and a 12 month high of $565.50. The stock’s 50 day moving average price is $489.43 and its 200 day moving average price is $496.90.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating 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 period last year, the firm earned $4.93 EPS. The firm’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 anticipate that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on HUBB. UBS Group reaffirmed a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research note on Tuesday, June 16th. Barclays raised their price target on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company increased their target price on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and an average target price of $554.38.

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.