Hsbc Holdings PLC Buys 69,790 Shares of Hubbell Inc $HUBB

Hsbc Holdings PLC boosted its stake in shares of Hubbell Inc (NYSE:HUBB) by 50.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 208,876 shares of the industrial products company’s stock after purchasing an additional 69,790 shares during the period. Hsbc Holdings PLC owned about 0.39% of Hubbell worth $92,832,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP increased its position in Hubbell by 140.4% in the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after buying an additional 1,468,701 shares in the last quarter. State Street Corp raised its stake in shares of Hubbell by 1.8% in the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after buying an additional 40,623 shares during the period. Geode Capital Management LLC lifted its position in shares of Hubbell by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after buying an additional 10,898 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hubbell by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock valued at $539,257,000 after buying an additional 60,071 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Hubbell by 0.8% during the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock valued at $507,356,000 after acquiring an additional 9,202 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

NYSE:HUBB opened at $524.49 on Monday. The stock has a 50-day moving average price of $502.16 and a 200 day moving average price of $488.20. The stock has a market capitalization of $27.71 billion, a P/E ratio of 30.98, a P/E/G ratio of 2.64 and a beta of 0.91. Hubbell Inc has a 12-month low of $385.91 and a 12-month 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 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. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm earned $3.50 EPS. The firm’s 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. Equities research analysts forecast that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $1.42 per share. The ex-dividend date was Friday, May 29th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HUBB shares. Morgan Stanley increased their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Barclays upped their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research 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. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, UBS Group restated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research note on Tuesday, June 16th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

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.