Hubbell Inc $HUBB Shares Sold by Prudential PLC

Prudential PLC decreased its stake in Hubbell Inc (NYSE:HUBB) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,588 shares of the industrial products company’s stock after selling 1,310 shares during the period. Prudential PLC’s holdings in Hubbell were worth $10,920,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Hubbell in the 3rd quarter valued at $162,309,000. Troy Asset Management Ltd boosted its holdings 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 in the last quarter. Qube Research & Technologies Ltd boosted its holdings 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 in the last quarter. Boston Partners boosted its holdings in shares of Hubbell by 30.7% in the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after buying an additional 172,990 shares in the last quarter. Finally, Merewether Investment Management LP acquired a new position in shares of Hubbell in the 2nd quarter valued at $68,164,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HUBB. Wells Fargo & Company upped their target price on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barclays upped their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Stephens upped their target price on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Morgan Stanley upped their target price on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Stock Down 1.8%

Shares of NYSE:HUBB opened at $476.37 on Friday. The stock has a market cap of $25.17 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.45 and a beta of 0.91. The firm has a fifty day moving average price of $502.20 and a 200 day moving average price of $482.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. Hubbell Inc has a 1-year low of $380.86 and a 1-year high of $565.50.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The firm had revenue of $1.52 billion during 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 quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts predict that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. 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.