JPMorgan Chase & Co. Has $377.65 Million Holdings in Hubbell Inc $HUBB

JPMorgan Chase & Co. lowered its position in shares of Hubbell Inc (NYSE:HUBB) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 850,345 shares of the industrial products company’s stock after selling 37,030 shares during the quarter. JPMorgan Chase & Co.’s holdings in Hubbell were worth $377,648,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in 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 valued at $25,000 after buying an additional 34 shares during the period. NBT Bank N A NY acquired a new position in Hubbell in the 4th quarter valued at approximately $27,000. Hantz Financial Services Inc. increased its stake in Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after buying an additional 41 shares during the period. Baillie Gifford & Co. increased its stake in Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after buying an additional 27 shares during the period. Finally, Harbor Investment Advisory LLC increased its stake in Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Performance

HUBB stock opened at $467.28 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 2.45 and a beta of 0.91. Hubbell Inc has a 12 month low of $380.86 and a 12 month high of $565.50. The firm has a 50 day moving average of $502.31 and a two-hundred day moving average of $484.66.

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

Hubbell Dividend Announcement

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

Wall Street Analyst Weigh In

HUBB has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Barclays upped their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Wells Fargo & Company upped their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday. Five investment 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, Hubbell has a consensus rating of “Moderate Buy” and an average price target of $546.25.

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.