Meeder Asset Management Inc. Buys 2,044 Shares of Hubbell Inc $HUBB

Meeder Asset Management Inc. lifted its stake in shares of Hubbell Inc (NYSE:HUBB) by 123.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,701 shares of the industrial products company’s stock after acquiring an additional 2,044 shares during the period. Meeder Asset Management Inc.’s holdings in Hubbell were worth $1,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BSW Wealth Partners raised its holdings in shares of Hubbell by 2.9% during the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 22 shares during the period. GAMMA Investing LLC grew 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 buying an additional 23 shares during the period. Ballentine Partners LLC increased its position in 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 buying an additional 24 shares in the last quarter. Benjamin Edwards Inc. increased its position in 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 buying an additional 24 shares in the last quarter. Finally, Quest Investment Management LLC raised its stake in Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after buying an additional 25 shares during the period. 88.16% of the stock is owned by institutional investors.

Hubbell Stock Down 0.7%

Hubbell stock opened at $485.43 on Tuesday. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The firm’s 50-day simple moving average is $488.31 and its 200 day simple moving average is $496.00. The stock has a market cap of $25.65 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.46 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results 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 company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.Hubbell’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts predict that Hubbell Inc will post 19.86 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is 33.55%.

Analysts Set New Price Targets

HUBB has been the subject of a number of research reports. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company upped their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Barclays lifted 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, Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.