Hubbell Inc $HUBB Shares Acquired by Swiss National Bank

Swiss National Bank grew its stake in Hubbell Inc (NYSE:HUBB) by 7.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 155,940 shares of the industrial products company’s stock after acquiring an additional 10,520 shares during the period. Swiss National Bank’s holdings in Hubbell were worth $76,526,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HUBB. BSW Wealth Partners boosted its position in shares of Hubbell by 2.9% during the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 22 shares during the period. GAMMA Investing LLC raised its position in Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares during the period. Ballentine Partners LLC lifted its stake in Hubbell by 1.9% during the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after purchasing an additional 24 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 24 shares in the last quarter. Finally, Quest Investment Management LLC lifted its stake in Hubbell by 1.3% during the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 25 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

NYSE:HUBB opened at $479.64 on Wednesday. The company has a fifty day simple moving average of $488.17 and a two-hundred day simple moving average of $496.25. The company has a market cap of $25.34 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.44 and a beta of 0.89. 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 52 week low of $403.82 and a 52 week high of $565.50.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data 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 business 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 company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities analysts anticipate that Hubbell Inc will post 19.86 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $1.42 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. UBS Group restated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Wells Fargo & Company boosted 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. Finally, 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 report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $554.38.

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.