Franklin Resources Inc. Has $177.92 Million Position in Hubbell Inc $HUBB

Franklin Resources Inc. increased its position in Hubbell Inc (NYSE:HUBB) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,621 shares of the industrial products company’s stock after buying an additional 55,485 shares during the period. Franklin Resources Inc. owned 0.75% of Hubbell worth $177,920,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Hubbell by 4.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock valued at $38,611,000 after buying an additional 3,542 shares during the period. DNB Asset Management AS grew its stake in shares of Hubbell by 4.9% in the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock valued at $17,260,000 after buying an additional 1,832 shares during the period. Nordea Investment Management AB grew its stake in shares of Hubbell by 1.5% in the 4th quarter. Nordea Investment Management AB now owns 206,382 shares of the industrial products company’s stock valued at $92,356,000 after buying an additional 2,983 shares during the period. Perigon Wealth Management LLC grew its stake in shares of Hubbell by 32.4% in the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock valued at $7,372,000 after buying an additional 4,060 shares during the period. Finally, Troy Asset Management Ltd grew its stake in shares of Hubbell by 5.8% in the 3rd quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock valued at $147,722,000 after buying an additional 18,767 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Price Performance

Shares of NYSE HUBB opened at $485.58 on Wednesday. Hubbell Inc has a fifty-two week low of $380.86 and a fifty-two week high of $565.50. The stock has a market cap of $25.66 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The firm’s 50-day simple moving average is $502.39 and its 200 day simple moving average is $484.23.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm earned $3.50 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, research analysts anticipate that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

Analyst Ratings Changes

HUBB has been the subject of several research reports. 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. Morgan Stanley raised their target price on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Stephens raised their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Barclays raised their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $546.25.

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.