Deutsche Bank AG bought a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,166,004 shares of the industrial products company's stock, valued at approximately $610,053,000. Deutsche Bank AG owned about 2.21% of Hubbell at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Hubbell in the 2nd quarter worth $783,142,000. Wellington Management Group LLP lifted its holdings in shares of Hubbell by 140.4% during the fourth 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 purchasing an additional 1,468,701 shares during the last quarter. Boston Partners boosted its position in shares of Hubbell by 37.8% in the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company's stock valued at $452,675,000 after purchasing an additional 278,649 shares during the period. Troy Asset Management Ltd boosted its position in shares of Hubbell by 60.7% in the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company's stock valued at $244,980,000 after purchasing an additional 208,327 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in Hubbell by 355.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company's stock worth $95,738,000 after purchasing an additional 173,668 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.
Hubbell Trading Down 1.3%
NYSE:HUBB opened at $504.73 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The stock's 50-day moving average is $495.84 and its two-hundred day moving average is $498.91. The stock has a market cap of $26.66 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 2.51 and a beta of 0.90.
Hubbell (NYSE:HUBB - Get Free Report) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts' consensus estimates of $5.39 by $0.13. The company had revenue of $1.71 billion for 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 firm's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities research analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.
Hubbell Dividend Announcement
The business 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. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 31st. Hubbell's dividend payout ratio is currently 33.63%.
Insiders Place Their Bets
In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president owned 2,933 shares in the company, valued at $1,520,936.48. This represents a 15.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.63% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on HUBB. Wall Street Zen lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings downgraded shares of Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Hubbell in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Finally, UBS Group reissued a "neutral" rating and set a $515.00 target price on shares of Hubbell in a research note on Tuesday, June 16th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $554.38.
Check Out Our Latest Report on Hubbell
Hubbell Company Profile
(
Free Report)
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.
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