Hubbell Inc $HUBB Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in Hubbell Inc (NYSE:HUBB) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,874 shares of the industrial products company’s stock after purchasing an additional 10,139 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hubbell were worth $44,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HUBB. Thurston Springer Miller Herd & Titak Inc. grew its position in Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 34 shares during the period. NBT Bank N A NY purchased a new position in Hubbell in the fourth quarter worth approximately $27,000. Hantz Financial Services Inc. grew its position in Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 41 shares during the period. Baillie Gifford & Co. grew its position in 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 period. Finally, Harbor Investment Advisory LLC grew its position in Hubbell by 630.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HUBB. Evercore increased their price objective on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Barclays increased their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley increased their price objective on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Mizuho set a $575.00 price objective on Hubbell in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

Hubbell Trading Up 1.1%

HUBB opened at $485.58 on Thursday. Hubbell Inc has a 52 week low of $380.86 and a 52 week high of $565.50. The business has a fifty day simple moving average of $503.16 and a 200-day simple moving average of $482.53. The firm has a market cap of $25.66 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.42 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 released its quarterly 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 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 analyst estimates of $1.50 billion. During the same period 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, equities analysts expect that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given 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 is Friday, May 29th. 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.