Vontobel Holding Ltd. Increases Position in Hubbell Inc $HUBB

Vontobel Holding Ltd. lifted its position in shares of Hubbell Inc (NYSE:HUBB) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 115,460 shares of the industrial products company’s stock after buying an additional 5,096 shares during the quarter. Vontobel Holding Ltd.’s holdings in Hubbell were worth $51,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HUBB. Jones Financial Companies Lllp lifted its stake in shares of Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after buying an additional 1,518 shares during the period. Empowered Funds LLC raised its stake in Hubbell by 18.9% during the first 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 period. Geneos Wealth Management Inc. raised its stake in 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 purchasing an additional 155 shares during the period. Acadian Asset Management LLC purchased a new position in Hubbell during the first quarter worth approximately $599,000. Finally, EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of HUBB stock opened at $476.04 on Friday. The company’s fifty day simple moving average is $501.37 and its 200-day simple moving average is $484.92. Hubbell Inc has a 52 week low of $380.86 and a 52 week 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. The company has a market cap of $25.15 billion, a PE ratio of 28.12, a P/E/G ratio of 2.37 and a beta of 0.91.

Hubbell (NYSE:HUBB) last issued its 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. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $3.50 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities research analysts anticipate that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

Analyst Ratings Changes

A number of equities analysts have weighed in on HUBB shares. Wells Fargo & Company increased their price target 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. Morgan Stanley increased their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Stephens increased their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Barclays increased their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

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.