Meeder Asset Management Inc. Acquires 2,044 Shares of Hubbell Inc $HUBB

Meeder Asset Management Inc. raised its holdings in Hubbell Inc (NYSE:HUBB) by 123.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,701 shares of the industrial products company’s stock after acquiring an additional 2,044 shares during the period. Meeder Asset Management Inc.’s holdings in Hubbell were worth $1,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of HUBB. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Hubbell by 147.8% during 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 buying an additional 34 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. NBT Bank N A NY purchased a new position in Hubbell in the 4th quarter valued at approximately $27,000. Raiffeisen Bank International AG raised its holdings in Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 30 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 27 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Down 0.7%

HUBB opened at $485.43 on Tuesday. The firm has a market capitalization of $25.65 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 2.46 and a beta of 0.89. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The company has a fifty day moving average price of $488.31 and a 200-day moving average price of $496.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts expect that Hubbell Inc will post 19.86 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm 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 dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HUBB shares. Barclays raised their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Stephens increased 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 raised Hubbell from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group reiterated a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company increased their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

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.