Healthcare of Ontario Pension Plan Trust Fund Raises Stock Holdings in Hubbell Inc $HUBB

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Hubbell Inc (NYSE:HUBB) by 59.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,344 shares of the industrial products company’s stock after buying an additional 1,244 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Hubbell were worth $1,641,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Pinnacle Bancorp Inc. increased its holdings in Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. NBT Bank N A NY purchased a new stake in Hubbell in the fourth quarter valued at approximately $27,000. Raiffeisen Bank International AG raised its position in Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Finally, Baillie Gifford & Co. lifted its stake in Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBB has been the subject of several research analyst reports. UBS Group restated a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Wells Fargo & Company increased 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. Stephens raised their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barclays boosted their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $554.38.

Hubbell Stock Performance

NYSE:HUBB opened at $472.63 on Friday. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. The company has a fifty day simple moving average of $489.43 and a two-hundred day simple moving average of $496.90. The company has a quick ratio of 0.94, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The company has a market cap of $24.97 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 2.32 and a beta of 0.89.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data 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. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities analysts anticipate that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

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.