DekaBank Deutsche Girozentrale Sells 28 Shares of Hubbell Inc $HUBB

DekaBank Deutsche Girozentrale trimmed its holdings in Hubbell Inc (NYSE:HUBB) by 0.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 99,199 shares of the industrial products company’s stock after selling 28 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.19% of Hubbell worth $40,291,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. DB Fitzpatrick & Co Inc raised its position in Hubbell by 0.6% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 4,349 shares of the industrial products company’s stock worth $1,776,000 after purchasing an additional 26 shares during the period. Chicago Capital LLC raised its stake in shares of Hubbell by 0.5% during the second quarter. Chicago Capital LLC now owns 6,131 shares of the industrial products company’s stock valued at $2,504,000 after acquiring an additional 29 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of Hubbell by 4.0% during the second quarter. Greenleaf Trust now owns 801 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 31 shares during the period. Capital Investment Advisors LLC grew its stake in shares of Hubbell by 4.3% in the second quarter. Capital Investment Advisors LLC now owns 866 shares of the industrial products company’s stock worth $354,000 after purchasing an additional 36 shares during the last quarter. Finally, Horizon Investments LLC raised its position in Hubbell by 5.0% during the 1st quarter. Horizon Investments LLC now owns 770 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Trading Up 0.9%

Shares of NYSE:HUBB opened at $435.50 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $481.35. The company has a market cap of $23.14 billion, a P/E ratio of 28.28, a PEG ratio of 2.41 and a beta of 0.96. The stock’s fifty day moving average price is $431.68 and its 200-day moving average price is $404.31.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, topping analysts’ consensus estimates of $4.36 by $0.57. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Hubbell had a return on equity of 27.63% and a net margin of 14.76%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Sell-side analysts expect that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

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

Wall Street Analysts Forecast Growth

HUBB has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Barclays raised their price target on Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Mizuho boosted their price objective on shares of Hubbell from $475.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday. Wall Street Zen raised Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, JPMorgan Chase & Co. increased their price objective on Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Hubbell has an average rating of “Moderate Buy” and an average price target of $476.50.

About Hubbell

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.