Hsbc Holdings PLC Raises Holdings in Hubbell Inc $HUBB

Hsbc Holdings PLC increased its stake in shares of Hubbell Inc (NYSE:HUBB) by 50.2% in the 4th quarter, HoldingsChannel reports. The firm owned 208,876 shares of the industrial products company’s stock after buying an additional 69,790 shares during the quarter. Hsbc Holdings PLC’s holdings in Hubbell were worth $92,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Hubbell by 147.8% during 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 buying an additional 34 shares during the last quarter. NBT Bank N A NY acquired a new position in shares of Hubbell in the fourth quarter worth $27,000. Raiffeisen Bank International AG raised its holdings in shares of Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Hubbell by 62.8% in the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 27 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of Hubbell by 630.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

Hubbell stock opened at $486.88 on Friday. The firm has a market capitalization of $25.73 billion, a P/E ratio of 28.76, a PEG ratio of 2.46 and a beta of 0.89. The stock has a fifty day moving average price of $496.81 and a 200 day moving average price of $492.77. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. 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 (NYSE:HUBB) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $3.50 EPS. The firm’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. Equities research analysts anticipate that Hubbell Inc will post 19.81 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio is presently 33.55%.

Analyst Ratings Changes

HUBB has been the topic of a number of analyst reports. Stephens increased their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Barclays upped their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Wells Fargo & Company lifted 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. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

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.