ING Groep NV Buys Shares of 26,910 Hubbell Inc $HUBB

ING Groep NV bought a new stake in Hubbell Inc (NYSE:HUBB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 26,910 shares of the industrial products company’s stock, valued at approximately $11,951,000. ING Groep NV owned approximately 0.05% of Hubbell at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HUBB. BSW Wealth Partners lifted its holdings in Hubbell by 2.9% during the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after buying an additional 22 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Hubbell by 2.2% during the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock worth $473,000 after buying an additional 23 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Hubbell by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after buying an additional 24 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in Hubbell by 2.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after buying an additional 24 shares in the last quarter. Finally, Quest Investment Management LLC lifted its holdings in Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after buying an additional 25 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of research reports. Stephens increased their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Sunday. Barclays increased their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wells Fargo & Company increased their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Morgan Stanley increased their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Five research 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, Hubbell has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

Hubbell Price Performance

Shares of HUBB opened at $476.37 on Monday. Hubbell Inc has a twelve month low of $380.86 and a twelve month high of $565.50. The firm’s fifty day simple moving average is $502.20 and its 200-day simple moving average is $483.29. The firm has a market capitalization of $25.17 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.40 and a beta of 0.91. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $3.50 EPS. The company’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts forecast that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th 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 is Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

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.