Eurizon Capital SGR S.p.A. Takes $42.51 Million Position in Hubbell Inc $HUBB

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 95,716 shares of the industrial products company’s stock, valued at approximately $42,510,000. Eurizon Capital SGR S.p.A. owned approximately 0.18% of Hubbell as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Hubbell by 3.6% during the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock valued at $973,337,000 after acquiring an additional 78,539 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hubbell by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after acquiring an additional 10,898 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Hubbell by 18.5% during the third quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock valued at $450,075,000 after acquiring an additional 163,626 shares in the last quarter. Boston Partners increased its holdings in shares of Hubbell by 30.7% during the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after acquiring an additional 172,990 shares in the last quarter. Finally, Troy Asset Management Ltd increased its holdings in shares of Hubbell by 60.7% during the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after acquiring an additional 208,327 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $473.33 on Friday. Hubbell Inc has a twelve month low of $374.68 and a twelve month high of $565.50. The company’s 50 day moving average is $503.78 and its 200 day moving average is $481.77. 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 company has a market cap of $25.01 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95.

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 the consensus estimate of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $3.50 EPS. Hubbell’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, sell-side analysts forecast that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HUBB shares. Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Mizuho set a $575.00 price objective on shares of Hubbell in a report on Wednesday, February 4th. Barclays increased their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wells Fargo & Company increased their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $546.25.

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.