Boston Partners Acquires 278,649 Shares of Hubbell Inc $HUBB

Boston Partners grew its holdings in Hubbell Inc (NYSE:HUBB) by 37.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,015,118 shares of the industrial products company’s stock after purchasing an additional 278,649 shares during the period. Boston Partners owned approximately 1.91% of Hubbell worth $452,675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HUBB. BSW Wealth Partners grew its stake in Hubbell by 2.9% in the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after buying an additional 22 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Hubbell by 2.2% in the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Hubbell by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 24 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 24 shares in the last quarter. Finally, Quest Investment Management LLC boosted its stake in shares of Hubbell by 1.3% in the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HUBB shares. Wells Fargo & Company upped their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley increased their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Barclays increased their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Trading Up 1.4%

Hubbell stock opened at $476.04 on Friday. The stock has a market cap of $25.15 billion, a P/E ratio of 28.12, a PEG ratio of 2.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. Hubbell Inc has a 1 year low of $380.86 and a 1 year high of $565.50. The firm’s 50 day moving average price is $501.37 and its 200-day moving average price is $484.92.

Hubbell (NYSE:HUBB) last announced its 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. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The firm’s 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 predict that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, May 29th. Hubbell’s dividend payout ratio is currently 33.55%.

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.