Swedbank AB Buys 5,218 Shares of Hubbell Inc $HUBB

Swedbank AB grew its stake in Hubbell Inc (NYSE:HUBB) by 19.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 32,380 shares of the industrial products company’s stock after buying an additional 5,218 shares during the quarter. Swedbank AB’s holdings in Hubbell were worth $15,890,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. DNB Asset Management AS lifted its holdings in Hubbell by 4.9% in the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock worth $17,260,000 after purchasing an additional 1,832 shares during the last quarter. Nordea Investment Management AB grew its holdings in Hubbell by 1.5% during the fourth quarter. Nordea Investment Management AB now owns 206,382 shares of the industrial products company’s stock valued at $92,356,000 after purchasing an additional 2,983 shares during the last quarter. Perigon Wealth Management LLC raised its position in shares of Hubbell by 32.4% in the fourth quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock valued at $7,372,000 after purchasing an additional 4,060 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Hubbell in the third quarter worth $7,462,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Hubbell by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 205,775 shares of the industrial products company’s stock worth $91,396,000 after buying an additional 7,100 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HUBB shares. Barclays raised their target price 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. UBS Group restated a “neutral” rating and set a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Stephens raised 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. Wells Fargo & Company lifted their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Stock Performance

NYSE HUBB opened at $485.55 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The firm has a market capitalization of $25.66 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.42 and a beta of 0.89. The company’s fifty day moving average is $491.34 and its two-hundred day moving average is $494.48. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts forecast that Hubbell Inc will post 19.83 EPS for the current year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is 33.55%.

About Hubbell

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.