Klingman & Associates LLC Boosts Holdings in Hubbell Inc $HUBB

Klingman & Associates LLC lifted its holdings in Hubbell Inc (NYSE:HUBB) by 1.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,496 shares of the industrial products company’s stock after purchasing an additional 29 shares during the period. Klingman & Associates LLC’s holdings in Hubbell were worth $1,019,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new position in Hubbell in the 2nd quarter valued at approximately $29,000. Tsfg LLC purchased a new position in Hubbell in the first quarter valued at $30,000. Ransom Advisory Ltd acquired a new position in Hubbell during the 1st quarter worth $53,000. Groupe la Francaise purchased a new stake in Hubbell during the 1st quarter worth about $57,000. Finally, Intact Investment Management Inc. acquired a new stake in Hubbell in the 1st quarter valued at about $66,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stephens reissued an “overweight” rating and set a $500.00 price objective on shares of Hubbell in a research report on Thursday, September 11th. JPMorgan Chase & Co. lifted their price objective on shares of Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. Wells Fargo & Company upgraded Hubbell from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Finally, Mizuho upped their price objective on Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and a consensus target price of $476.50.

Hubbell Stock Performance

Shares of HUBB opened at $431.74 on Tuesday. The company’s 50 day simple moving average is $431.62 and its 200-day simple moving average is $404.09. The firm has a market cap of $22.94 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $481.35. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating the consensus estimate of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, equities analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $1.32 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 34.29%.

Hubbell Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.