SailingStone Capital Partners LLC Purchases 1,520 Shares of Hubbell Inc $HUBB

SailingStone Capital Partners LLC lifted its position in shares of Hubbell Inc (NYSE:HUBB) by 14.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,010 shares of the industrial products company’s stock after buying an additional 1,520 shares during the quarter. Hubbell accounts for 1.3% of SailingStone Capital Partners LLC’s portfolio, making the stock its 12th biggest holding. SailingStone Capital Partners LLC’s holdings in Hubbell were worth $5,334,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. State Street Corp increased its stake in Hubbell by 1.8% during the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after acquiring an additional 40,623 shares during the period. Geode Capital Management LLC increased its stake in shares of Hubbell by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after purchasing an additional 10,898 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Hubbell by 0.8% in the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock valued at $507,356,000 after purchasing an additional 9,202 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Hubbell by 18.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock valued at $450,075,000 after purchasing an additional 163,626 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Hubbell by 37.8% in the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after purchasing an additional 278,649 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HUBB. Morgan Stanley lifted their price target on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wells Fargo & Company lifted their price target on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Stephens lifted their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Trading Up 2.7%

Shares of HUBB stock opened at $503.06 on Wednesday. The firm has a market capitalization of $26.58 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.47 and a beta of 0.91. Hubbell Inc has a twelve month low of $385.91 and a twelve month high of $565.50. 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 stock’s fifty day simple moving average is $501.47 and its 200 day simple moving average is $486.30.

Hubbell (NYSE:HUBB) last issued 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%.Hubbell’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous 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 19.84 EPS for the current fiscal year.

Hubbell Announces Dividend

The company 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 1.1%. Hubbell’s payout ratio is currently 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.