Goldman Sachs Group Inc. Buys 18,178 Shares of Hubbell Inc $HUBB

Goldman Sachs Group Inc. boosted its position in shares of Hubbell Inc (NYSE:HUBB) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 420,072 shares of the industrial products company’s stock after buying an additional 18,178 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.79% of Hubbell worth $186,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Hubbell during the third quarter valued at $162,309,000. Troy Asset Management Ltd raised its holdings in Hubbell by 60.7% during the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after purchasing an additional 208,327 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Hubbell by 355.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock worth $95,738,000 after purchasing an additional 173,668 shares during the last quarter. Boston Partners lifted its position in Hubbell by 30.7% during the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after purchasing an additional 172,990 shares during the period. Finally, Merewether Investment Management LP acquired a new position in Hubbell during the 2nd quarter valued at about $68,164,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Trading Down 0.1%

Shares of NYSE HUBB opened at $476.37 on Monday. The company’s fifty day moving average is $502.20 and its 200-day moving average is $483.29. The stock has a market cap of $25.17 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 2.40 and a beta of 0.91. Hubbell Inc has a twelve month low of $380.86 and a twelve month high of $565.50. 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 data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts predict that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HUBB. Barclays lifted 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. Morgan Stanley raised their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Sunday. Wells Fargo & Company increased their price target on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Stephens raised their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

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.