145,898 Shares in Hubbell Inc $HUBB Acquired by Norges Bank

Norges Bank purchased a new position in Hubbell Inc (NYSE:HUBB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 145,898 shares of the industrial products company’s stock, valued at approximately $64,795,000. Norges Bank owned 0.27% of Hubbell at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Hubbell in the 3rd quarter worth approximately $162,309,000. Troy Asset Management Ltd raised its holdings in shares of Hubbell by 60.7% in 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 period. Qube Research & Technologies Ltd raised its holdings in shares of Hubbell by 355.8% in 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 period. Boston Partners raised its holdings in shares of Hubbell by 30.7% in the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after purchasing an additional 172,990 shares during the period. Finally, Merewether Investment Management LP bought a new stake in shares of Hubbell in the 2nd quarter worth approximately $68,164,000. Institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on HUBB shares. Wells Fargo & Company lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Morgan Stanley lifted their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Stephens lifted their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Barclays lifted their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

Hubbell Stock Down 1.8%

HUBB opened at $476.37 on Friday. The company has a fifty day moving average price of $502.20 and a 200-day moving average price of $482.85. The firm has a market capitalization of $25.17 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. Hubbell Inc has a one year low of $380.86 and a one year high of $565.50.

Hubbell (NYSE:HUBB) last released 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 firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts expect that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

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

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.