Hubbell Inc $HUBB Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in Hubbell Inc (NYSE:HUBB) by 70.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,629 shares of the industrial products company’s stock after purchasing an additional 5,198 shares during the period. CIBC Asset Management Inc’s holdings in Hubbell were worth $5,609,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HUBB. Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $25,000 after purchasing an additional 34 shares in the last quarter. NBT Bank N A NY acquired a new position in shares of Hubbell in the 4th quarter valued at approximately $27,000. Hantz Financial Services Inc. raised its position in shares of Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 63 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBB has been the topic of several research reports. Wells Fargo & Company upped their price target on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Stephens upped their price target on Hubbell from $550.00 to $600.00 and gave the company 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 report on Sunday. Morgan Stanley upped their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Barclays increased their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

Hubbell Trading Down 1.8%

Shares of HUBB stock opened at $476.37 on Friday. The stock has a 50-day simple moving average of $502.20 and a 200 day simple moving average of $482.85. Hubbell Inc has a fifty-two week low of $380.86 and a fifty-two week high of $565.50. The stock has a market capitalization of $25.17 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.40 and a beta of 0.91. 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 (NYSE:HUBB) last announced its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $3.50 earnings per share. The company’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 expect that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced 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 of this dividend is Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

About Hubbell

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.