Hubbell Inc $HUBB Position Boosted by Hsbc Holdings PLC

Key Points

• HSBC increased its Hubbell stake by 8.6% in the second quarter to 213,136 shares valued at approximately $111.4 million. Institutional investors collectively own 88.16% of Hubbell.
• Hubbell reported quarterly EPS of $5.52, exceeding estimates by $0.13, while revenue rose 15.3% year over year to $1.71 billion. The company provided fiscal 2026 EPS guidance of $20.25–$20.55.
• The company declared a quarterly dividend of $1.42, equivalent to $5.68 annually and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $555.

Hsbc Holdings PLC boosted its holdings in Hubbell Inc (NYSE:HUBB - Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,136 shares of the industrial products company's stock after acquiring an additional 16,868 shares during the quarter. Hsbc Holdings PLC owned 0.40% of Hubbell worth $111,423,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HUBB. Beacon Pointe Advisors LLC acquired a new position in Hubbell during the 2nd quarter worth $2,432,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Hubbell during the second quarter valued at $250,000. Glenview Trust Co bought a new stake in shares of Hubbell during the second quarter valued at about $6,807,000. North Star Asset Management Inc. bought a new stake in shares of Hubbell during the second quarter valued at about $1,102,000. Finally, Empowered Funds LLC acquired a new stake in Hubbell in the second quarter worth about $11,879,000. Institutional investors own 88.16% of the company's stock.

Hubbell Price Performance

Shares of Hubbell stock opened at $460.95 on Monday. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock has a market cap of $24.35 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.25 and a beta of 0.89. The company's 50-day moving average price is $484.58 and its two-hundred day moving average price is $495.16.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, sell-side analysts anticipate that Hubbell Inc will post 20.43 EPS for the current fiscal year.

Hubbell Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HUBB. Morgan Stanley increased their target price on shares of Hubbell from $565.00 to $575.00 and gave the company an "equal weight" rating in a research report on Wednesday. Weiss Ratings lowered shares of Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 14th. Wall Street Zen lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Robert W. Baird began coverage on shares of Hubbell in a report on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price objective for the company. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Hubbell in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $555.00.

Insider Transactions at Hubbell

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the transaction, the vice president owned 2,933 shares of the company's stock, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.63% of the company's stock.

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.

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