Hubbell Inc $HUBB Shares Sold by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas lowered its holdings in Hubbell Inc (NYSE:HUBB) by 37.1% during the first quarter, Holdings Channel.com reports. The firm owned 2,799 shares of the industrial products company’s stock after selling 1,654 shares during the period. Oddo BHF Asset Management Sas’ holdings in Hubbell were worth $1,374,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Altshuler Shaham Ltd lifted its stake in shares of Hubbell by 13.8% in the 1st quarter. Altshuler Shaham Ltd now owns 2,594 shares of the industrial products company’s stock valued at $1,273,000 after purchasing an additional 315 shares during the last quarter. Smith Group Asset Management LLC increased its position in shares of Hubbell by 8.3% during the 1st quarter. Smith Group Asset Management LLC now owns 86,736 shares of the industrial products company’s stock worth $42,565,000 after purchasing an additional 6,616 shares during the last quarter. Amundi raised its holdings in Hubbell by 1.1% in the 1st quarter. Amundi now owns 458,065 shares of the industrial products company’s stock valued at $224,822,000 after buying an additional 4,885 shares during the period. Empowered Funds LLC raised its holdings in Hubbell by 9.5% in the 1st quarter. Empowered Funds LLC now owns 20,067 shares of the industrial products company’s stock valued at $9,848,000 after buying an additional 1,748 shares during the period. Finally, Evercore Wealth Management LLC acquired a new position in Hubbell in the first quarter valued at about $209,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Performance

NYSE HUBB opened at $473.43 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.94. The company has a market cap of $25.02 billion, a P/E ratio of 28.03, a P/E/G ratio of 2.26 and a beta of 0.89. The stock has a 50-day moving average of $489.48 and a two-hundred day moving average of $497.07. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the company earned $4.93 earnings per share. The business’s quarterly revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, analysts anticipate that Hubbell Inc will post 20.42 EPS for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research report on Wednesday. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Barclays lifted their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, UBS Group reissued a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and an average target price of $554.38.

About Hubbell

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.