Hubbell Inc $HUBB Shares Sold by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas lessened its position in Hubbell Inc (NYSE:HUBB) by 37.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,799 shares of the industrial products company’s stock after selling 1,654 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Hubbell were worth $1,374,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,518 shares in the last quarter. Empowered Funds LLC boosted its stake in Hubbell by 18.9% during the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after buying an additional 155 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Hubbell during the first quarter worth $599,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Hubbell by 31.1% during the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after buying an additional 111 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HUBB shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research note on Wednesday. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. UBS Group reiterated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Wells Fargo & Company raised their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Barclays boosted their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Stock Up 2.7%

Shares of HUBB opened at $473.43 on Friday. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The company has a quick ratio of 0.94, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The stock has a fifty day simple moving average of $489.48 and a two-hundred day simple moving average of $497.07. The company has a market capitalization of $25.02 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the company posted $4.93 EPS. The company’s revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities analysts forecast that Hubbell Inc will post 20.42 EPS for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s payout ratio is presently 33.63%.

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.