Geode Capital Management LLC Acquires 10,898 Shares of Hubbell Inc $HUBB

Geode Capital Management LLC increased its holdings in Hubbell Inc (NYSE:HUBB) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,376,000 shares of the industrial products company’s stock after buying an additional 10,898 shares during the period. Geode Capital Management LLC owned about 2.59% of Hubbell worth $608,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HUBB. Jones Financial Companies Lllp raised its stake in Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after buying an additional 1,518 shares in the last quarter. Empowered Funds LLC raised its stake in Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after buying an additional 196 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Hubbell by 271.9% in the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after buying an additional 155 shares in the last quarter. Acadian Asset Management LLC bought a new position in Hubbell in the first quarter worth approximately $599,000. Finally, EverSource Wealth Advisors LLC raised its stake in Hubbell by 31.1% in the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after buying an additional 111 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HUBB. Stephens boosted their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Barclays boosted their price objective 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. Evercore lifted their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Five equities 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 stock currently has an average rating of “Moderate Buy” and an average price target of $546.25.

Hubbell Price Performance

NYSE HUBB opened at $473.33 on Friday. The firm’s fifty day simple moving average is $503.78 and its two-hundred day simple 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. Hubbell Inc has a 12-month low of $374.68 and a 12-month high of $565.50. The firm has a market capitalization of $25.01 billion, a P/E ratio of 27.96, a P/E/G ratio of 2.39 and a beta of 0.95.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) 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 business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts forecast that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s 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.