SEB Asset Management AB Takes $6.62 Million Position in Hubbell Inc $HUBB

SEB Asset Management AB bought a new position in shares of Hubbell Inc (NYSE:HUBB) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 13,480 shares of the industrial products company’s stock, valued at approximately $6,615,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HUBB. Thurston Springer Miller Herd & Titak Inc. grew its stake in Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 34 shares during the period. Pinnacle Bancorp Inc. raised its position in Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 33 shares during the period. NBT Bank N A NY acquired a new position in Hubbell during the fourth quarter worth $27,000. Raiffeisen Bank International AG lifted its holdings in Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the topic of several research analyst reports. UBS Group reiterated a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Barclays raised their price target 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. Stephens lifted their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Stock Down 1.1%

Shares of NYSE HUBB opened at $479.64 on Wednesday. The stock has a market cap of $25.34 billion, a PE ratio of 28.33, a P/E/G ratio of 2.44 and a beta of 0.89. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The company has a 50-day moving average of $488.17 and a 200 day moving average of $496.25.

Hubbell (NYSE:HUBB) last released its earnings results 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 net margin of 15.10% and a return on equity of 27.09%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, sell-side analysts predict that Hubbell Inc will post 19.86 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $1.42 per share. The ex-dividend date was Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

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.