8,091 Shares in Hubbell Inc $HUBB Bought by Cidel Asset Management Inc.

Cidel Asset Management Inc. bought a new stake in Hubbell Inc (NYSE:HUBB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,091 shares of the industrial products company’s stock, valued at approximately $3,971,000.

A number of other institutional investors have also bought and sold shares of HUBB. Wellington Management Group LLP raised its position in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after acquiring an additional 1,468,701 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Hubbell during the 3rd quarter valued at $162,309,000. Boston Partners increased its position in shares of Hubbell by 37.8% during the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock worth $452,675,000 after acquiring an additional 278,649 shares in the last quarter. Troy Asset Management Ltd raised 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 worth $244,980,000 after acquiring an additional 208,327 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised 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 worth $95,738,000 after acquiring an additional 173,668 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Barclays raised 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. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Morgan Stanley upped their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Finally, Stephens increased 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. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Trading Down 5.4%

Shares of HUBB stock opened at $510.52 on Wednesday. Hubbell Inc has a 52-week low of $396.34 and a 52-week high of $565.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The company has a 50-day simple moving average of $501.73 and a two-hundred day simple moving average of $489.55. The company has a market capitalization of $26.98 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.72 and a beta of 0.91.

Hubbell (NYSE:HUBB) last posted its earnings results on Thursday, April 30th. The industrial products company reported $3.93 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 firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm earned $3.50 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts anticipate that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is 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.