Boston Partners Increases Stake in Hubbell Inc $HUBB

Boston Partners grew its stake in Hubbell Inc (NYSE:HUBB) by 37.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,015,118 shares of the industrial products company’s stock after purchasing an additional 278,649 shares during the period. Boston Partners’ holdings in Hubbell were worth $452,675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Hubbell during the 3rd quarter worth about $162,309,000. Troy Asset Management Ltd boosted its stake in shares of Hubbell by 60.7% in the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after buying an additional 208,327 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Hubbell by 355.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after buying an additional 173,668 shares during the period. Merewether Investment Management LP purchased a new position in shares of Hubbell in the 2nd quarter valued at about $68,164,000. Finally, Wellington Management Group LLP boosted its stake in shares of Hubbell by 18.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock valued at $450,075,000 after buying an additional 163,626 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on HUBB. Barclays boosted their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Stephens lifted their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Morgan Stanley boosted 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. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $546.25.

Hubbell Stock Up 1.4%

Shares of NYSE:HUBB opened at $476.04 on Friday. 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 52-week low of $380.86 and a 52-week high of $565.50. The stock’s fifty day simple moving average is $501.37 and its 200-day simple moving average is $484.92. The company has a market capitalization of $25.15 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.37 and a beta of 0.91.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data 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. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business earned $3.50 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities research analysts forecast that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

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.