Vaughan Nelson Investment Management L.P. Purchases 4,220 Shares of Hubbell Inc $HUBB

Vaughan Nelson Investment Management L.P. raised its position in shares of Hubbell Inc (NYSE:HUBB) by 2.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,792 shares of the industrial products company’s stock after purchasing an additional 4,220 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Hubbell were worth $91,666,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HUBB. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. NBT Bank N A NY purchased a new position in shares of Hubbell during the 4th quarter valued at about $27,000. Raiffeisen Bank International AG raised its holdings in shares of Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Baillie Gifford & Co. lifted its position in Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after buying an additional 27 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after buying an additional 63 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on HUBB shares. Morgan Stanley upped their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Barclays boosted their price objective on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. UBS Group reaffirmed a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Wells Fargo & Company increased their target price on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Stephens lifted their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Five 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 an average rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Trading Up 0.2%

Shares of HUBB stock opened at $524.49 on Monday. The stock has a market capitalization of $27.71 billion, a PE ratio of 30.98, a P/E/G ratio of 2.64 and a beta of 0.91. Hubbell Inc has a 1-year low of $385.91 and a 1-year high of $565.50. The business has a 50-day moving average of $502.16 and a 200 day moving average of $488.20. 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 (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 27.09% and a net margin of 15.10%.Hubbell’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, sell-side analysts anticipate that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.42 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

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.