Hsbc Holdings PLC Invests $111.42 Million in Hubbell Inc $HUBB

Hsbc Holdings PLC bought a new stake in Hubbell Inc (NYSE:HUBB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 213,136 shares of the industrial products company’s stock, valued at approximately $111,423,000. Hsbc Holdings PLC owned 0.40% of Hubbell as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after buying an additional 1,518 shares during the period. Empowered Funds LLC boosted its stake in shares of Hubbell by 18.9% during the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 196 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 155 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Hubbell during the 1st quarter worth approximately $599,000. Finally, EverSource Wealth Advisors LLC raised its stake in Hubbell by 31.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 111 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Nero Jonathan M. Del sold 547 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the transaction, the vice president owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

Hubbell Trading Down 0.6%

Shares of NYSE:HUBB opened at $464.05 on Wednesday. The business’s 50 day simple moving average is $494.67 and its 200 day simple moving average is $498.02. Hubbell Inc has a 1 year low of $403.82 and a 1 year 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. The company has a market capitalization of $24.52 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.29 and a beta of 0.90.

Hubbell (NYSE:HUBB) last released its 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. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.Hubbell’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, research analysts anticipate that Hubbell Inc will post 20.41 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. UBS Group reaffirmed a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Wells Fargo & Company lifted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Stephens boosted their target price on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and an average target price of $553.89.

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.