Franklin Resources Inc. Purchases 55,485 Shares of Hubbell Inc $HUBB

Franklin Resources Inc. grew its position in shares of Hubbell Inc (NYSE:HUBB) by 16.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 400,621 shares of the industrial products company’s stock after buying an additional 55,485 shares during the quarter. Franklin Resources Inc.’s holdings in Hubbell were worth $177,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 worth $25,000 after buying an additional 34 shares in the last quarter. NBT Bank N A NY bought a new position in shares of Hubbell during the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. lifted its position in shares of Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after buying an additional 41 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after buying an additional 27 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of Hubbell by 630.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after buying an additional 63 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday. Stephens raised their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company raised their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Morgan Stanley raised their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Trading Up 0.1%

Shares of HUBB stock opened at $485.58 on Wednesday. The company has a 50 day moving average of $502.39 and a 200-day moving average of $484.23. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 12-month low of $380.86 and a 12-month high of $565.50. The firm has a market cap of $25.66 billion, a P/E ratio of 28.68, a PEG ratio of 2.44 and a beta of 0.91.

Hubbell (NYSE:HUBB) last issued its quarterly 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. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $3.50 EPS. Hubbell’s quarterly revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts anticipate that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, May 29th. 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.