SailingStone Capital Partners LLC Acquires 1,520 Shares of Hubbell Inc $HUBB

SailingStone Capital Partners LLC grew its holdings in Hubbell Inc (NYSE:HUBB) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,010 shares of the industrial products company’s stock after acquiring an additional 1,520 shares during the quarter. Hubbell accounts for about 1.3% of SailingStone Capital Partners LLC’s investment portfolio, making the stock its 12th largest holding. SailingStone Capital Partners LLC’s holdings in Hubbell were worth $5,334,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. State Street Corp increased its holdings 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 acquiring an additional 40,623 shares in the last quarter. Geode Capital Management LLC boosted its position in Hubbell by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after purchasing an additional 10,898 shares during the last quarter. Deutsche Bank AG boosted its position in Hubbell by 0.8% during the fourth quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock valued at $507,356,000 after purchasing an additional 9,202 shares during the last quarter. Wellington Management Group LLP boosted its position in Hubbell by 18.5% during the third quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock valued at $450,075,000 after purchasing an additional 163,626 shares during the last quarter. Finally, Boston Partners boosted its position in Hubbell by 37.8% during the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after purchasing an additional 278,649 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Stephens increased their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. UBS Group reissued a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research report on Tuesday. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Barclays increased their price target on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, 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 report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $554.38.

Hubbell Stock Performance

HUBB opened at $503.06 on Wednesday. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.47 and a beta of 0.91. 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 Inc has a 12-month low of $385.91 and a 12-month high of $565.50. The business has a 50 day moving average of $501.47 and a 200-day moving average of $486.30.

Hubbell (NYSE:HUBB) last announced its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities research analysts expect that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Announces Dividend

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

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.