RWC Asset Management LLP Buys 2,479 Shares of Hubbell Inc $HUBB

RWC Asset Management LLP raised its stake in Hubbell Inc (NYSE:HUBB) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,235 shares of the industrial products company’s stock after buying an additional 2,479 shares during the period. RWC Asset Management LLP owned about 0.06% of Hubbell worth $14,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HUBB. Clearbridge Investments LLC increased its stake in Hubbell by 3.4% in the fourth quarter. Clearbridge Investments LLC now owns 4,155 shares of the industrial products company’s stock valued at $1,845,000 after acquiring an additional 138 shares during the last quarter. Syon Capital LLC lifted its stake in Hubbell by 4.0% during the fourth quarter. Syon Capital LLC now owns 1,374 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 53 shares during the last quarter. ING Groep NV purchased a new position in shares of Hubbell in the 4th quarter worth about $11,951,000. Los Angeles Capital Management LLC purchased a new position in shares of Hubbell in the 4th quarter worth about $112,000. Finally, Ramirez Asset Management Inc. increased its position in shares of Hubbell by 9.2% during the 4th quarter. Ramirez Asset Management Inc. now owns 3,002 shares of the industrial products company’s stock valued at $1,333,000 after purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hubbell Trading Down 0.1%

Shares of HUBB opened at $476.37 on Monday. The stock has a market capitalization of $25.17 billion, a P/E ratio of 28.14, a PEG ratio of 2.40 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. The firm has a fifty day simple moving average of $502.20 and a two-hundred day simple moving average of $483.29. Hubbell Inc has a twelve month low of $380.86 and a twelve month high of $565.50.

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

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio is presently 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.