Hubbell Inc $HUBB Shares Bought by Tema ETFs LLC

Tema ETFs LLC grew its position in Hubbell Inc (NYSE:HUBB) by 44.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,751 shares of the industrial products company’s stock after acquiring an additional 16,308 shares during the period. Tema ETFs LLC owned about 0.10% of Hubbell worth $27,599,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. increased its position in Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares during the period. Raiffeisen Bank International AG boosted its stake in shares of Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 27 shares during the period. Leonteq Securities AG acquired a new position in Hubbell during the first quarter worth $33,000. Finally, DV Equities LLC purchased a new position in Hubbell in the fourth quarter worth $33,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HUBB has been the topic of several research analyst reports. UBS Group restated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Stephens raised their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Stock Up 3.0%

Shares of NYSE HUBB opened at $520.25 on Wednesday. The firm’s 50-day moving average is $493.73 and its two-hundred day moving average is $498.23. The company has a market capitalization of $27.48 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company posted $4.93 EPS. The company’s revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities analysts anticipate that Hubbell Inc will post 20.41 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio is currently 33.63%.

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.