Handelsbanken Fonder AB Has $20.74 Million Stock Position in Hubbell Inc $HUBB

Handelsbanken Fonder AB raised its position in shares of Hubbell Inc (NYSE:HUBB) by 42.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,705 shares of the industrial products company’s stock after purchasing an additional 13,984 shares during the period. Handelsbanken Fonder AB owned approximately 0.09% of Hubbell worth $20,742,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Hubbell by 3.6% during the third quarter. State Street Corp now owns 2,261,944 shares of the industrial products company’s stock valued at $973,337,000 after purchasing an additional 78,539 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Hubbell by 18.5% during the third quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company’s stock worth $450,075,000 after buying an additional 163,626 shares during the last quarter. Boston Partners grew its stake in shares of Hubbell by 30.7% during the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after buying an additional 172,990 shares during the last quarter. Northern Trust Corp grew its stake in shares of Hubbell by 1.1% during the third quarter. Northern Trust Corp now owns 530,272 shares of the industrial products company’s stock worth $228,181,000 after buying an additional 5,806 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Hubbell by 9.4% during the third quarter. Dimensional Fund Advisors LP now owns 476,560 shares of the industrial products company’s stock worth $205,055,000 after buying an additional 40,962 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

Shares of Hubbell stock opened at $462.51 on Thursday. 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 twelve month low of $374.68 and a twelve month high of $565.50. The stock has a market cap of $24.59 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 2.33 and a beta of 0.95. The company’s fifty day moving average is $503.72 and its 200 day moving average is $481.44.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts forecast that Hubbell Inc will post 19.83 EPS for the current year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio is 33.55%.

Analysts Set New Price Targets

HUBB has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Morgan Stanley boosted their target price 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. Barclays boosted their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Mizuho set a $575.00 target price on shares of Hubbell in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $546.25.

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.