Hubbell Inc $HUBB Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of Hubbell Inc (NYSE:HUBB) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,053 shares of the industrial products company’s stock after buying an additional 25,278 shares during the quarter. Principal Financial Group Inc.’s holdings in Hubbell were worth $113,393,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after acquiring an additional 1,468,701 shares during the last quarter. State Street Corp boosted its position in shares of Hubbell by 1.8% during the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after purchasing an additional 40,623 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Hubbell by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after purchasing an additional 10,898 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Hubbell by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock worth $539,257,000 after purchasing an additional 60,071 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Hubbell by 0.8% in the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock worth $507,356,000 after purchasing an additional 9,202 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Stephens upped their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Barclays raised their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, UBS Group restated a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $554.38.

Hubbell Stock Performance

Shares of HUBB opened at $480.05 on Thursday. The company has a 50-day moving average of $488.68 and a two-hundred day moving average of $495.27. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 2.44 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities research analysts expect that Hubbell Inc will post 19.83 earnings per share for the current year.

Hubbell Announces Dividend

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

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.