McLaughlin Asset Management Inc. Purchases New Shares in Hubbell Inc $HUBB

McLaughlin Asset Management Inc. purchased a new position in shares of Hubbell Inc (NYSE:HUBB) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,940 shares of the industrial products company’s stock, valued at approximately $862,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Hubbell in the third quarter valued at approximately $162,309,000. Boston Partners raised its position in Hubbell by 37.8% in the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock worth $452,675,000 after purchasing an additional 278,649 shares during the last quarter. Troy Asset Management Ltd raised its position in Hubbell by 60.7% in the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after purchasing an additional 208,327 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in Hubbell by 355.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock worth $95,738,000 after buying an additional 173,668 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

HUBB has been the topic of several research reports. Barclays upped their price target on 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 reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Morgan Stanley lifted their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Trading Up 3.1%

NYSE:HUBB opened at $524.49 on Friday. 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 1-year low of $385.91 and a 1-year high of $565.50. The firm has a market capitalization of $27.71 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.57 and a beta of 0.91. The business’s 50-day moving average price is $502.21 and its two-hundred day moving average price is $487.52.

Hubbell (NYSE:HUBB) last posted its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion during 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 for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities analysts expect that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently announced 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 was Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is 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.