Hubbell Inc $HUBB Stock Holdings Boosted by Royal London Asset Management Ltd.

Key Points

• Royal London Asset Management increased its Hubbell position by 25.9% in the second quarter, bringing its holdings to 380,948 shares valued at approximately $199.3 million. Institutional investors collectively own 88.16% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $553.89. Recent targets range from $515 to $560.
• Hubbell exceeded quarterly earnings and revenue expectations, reporting $5.52 in EPS and $1.71 billion in revenue, while revenue rose 15.3% year over year. The company also declared a quarterly dividend of $1.42 per share, implying a 1.2% annual yield.

Royal London Asset Management Ltd. increased its position in Hubbell Inc (NYSE:HUBB - Free Report) by 25.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 380,948 shares of the industrial products company's stock after acquiring an additional 78,357 shares during the period. Royal London Asset Management Ltd. owned approximately 0.72% of Hubbell worth $199,312,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its holdings 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 valued at $26,000 after buying an additional 33 shares during the last quarter. Raiffeisen Bank International AG grew its holdings in Hubbell by 83.3% in 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 in the last quarter. Leonteq Securities AG acquired a new stake in Hubbell in the 1st quarter valued at approximately $33,000. DV Equities LLC acquired a new stake in Hubbell in the 4th quarter valued at approximately $33,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Hubbell during the 3rd quarter worth $33,000. 88.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company raised their target price on Hubbell from $530.00 to $560.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Weiss Ratings downgraded Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded Hubbell from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Robert W. Baird started coverage on Hubbell in a research note on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price target for the company. Finally, UBS Group restated a "neutral" rating and set a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $553.89.

Hubbell Stock Down 2.2%

HUBB opened at $459.86 on Friday. The firm has a market cap of $24.29 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The business has a 50 day moving average price of $491.58 and a 200 day moving average price of $497.43. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating analysts' consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm posted $4.93 earnings per share. The company's quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Research analysts forecast that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Announces Dividend

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

Insider Activity at Hubbell

In related news, VP Nero Jonathan M. Del sold 547 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the transaction, the vice president owned 2,933 shares of the company's stock, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.63% of the company's stock.

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.

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