Deutsche Bank AG Grows Stock Holdings in Hubbell Inc $HUBB

Deutsche Bank AG raised its stake in Hubbell Inc (NYSE:HUBB) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,142,410 shares of the industrial products company’s stock after purchasing an additional 9,202 shares during the quarter. Deutsche Bank AG owned about 2.15% of Hubbell worth $507,356,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Hubbell in the third quarter valued at $162,309,000. Troy Asset Management Ltd boosted its holdings in Hubbell by 60.7% in 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 during the last quarter. Qube Research & Technologies Ltd boosted its holdings in Hubbell by 355.8% in the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after acquiring an additional 173,668 shares during the last quarter. Boston Partners boosted its holdings in Hubbell by 30.7% in 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 during the last quarter. Finally, Merewether Investment Management LP acquired a new position in Hubbell in the second quarter valued at $68,164,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HUBB. Barclays lifted their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Morgan Stanley increased their price objective 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. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday. Stephens increased their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company increased their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

Hubbell Stock Down 3.9%

NYSE:HUBB opened at $467.28 on Thursday. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 2.45 and a beta of 0.91. Hubbell Inc has a one year low of $380.86 and a one year high of $565.50. The stock has a 50-day simple moving average of $502.31 and a 200 day simple moving average of $484.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $3.50 earnings per share. 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 fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio is 33.55%.

Hubbell Company 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.