Healthcare of Ontario Pension Plan Trust Fund Increases Position in Hubbell Inc $HUBB

Healthcare of Ontario Pension Plan Trust Fund grew its position in Hubbell Inc (NYSE:HUBB) by 59.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,344 shares of the industrial products company’s stock after purchasing an additional 1,244 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Hubbell were worth $1,641,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HUBB. Pinnacle Bancorp Inc. grew its stake in shares of Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after buying an additional 34 shares in the last quarter. NBT Bank N A NY acquired a new stake in Hubbell in the fourth quarter valued at $27,000. Raiffeisen Bank International AG lifted its holdings in Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Finally, Leonteq Securities AG purchased a new stake in Hubbell during the 1st quarter worth about $33,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HUBB. UBS Group reiterated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Wells Fargo & Company boosted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research note on Wednesday. Barclays increased their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Stephens boosted their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Stock Down 0.2%

HUBB opened at $472.63 on Friday. The business’s 50-day simple moving average is $489.43 and its 200-day simple moving average is $496.90. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.94 and a current ratio of 1.61. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The stock has a market capitalization of $24.97 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 2.32 and a beta of 0.89.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Analysts anticipate that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

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

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.