Tema Etfs LLC Increases Stock Holdings in Hubbell Inc $HUBB

Tema Etfs LLC increased its position in shares of Hubbell Inc (NYSE:HUBB) by 28.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,385 shares of the industrial products company’s stock after purchasing an additional 2,933 shares during the period. Tema Etfs LLC’s holdings in Hubbell were worth $5,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Hubbell by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock valued at $2,714,669,000 after buying an additional 21,508 shares during the period. State Street Corp raised its position in shares of Hubbell by 1.2% during the 2nd quarter. State Street Corp now owns 2,183,405 shares of the industrial products company’s stock valued at $891,724,000 after buying an additional 26,708 shares during the period. Invesco Ltd. lifted its holdings in Hubbell by 0.6% in the second quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after acquiring an additional 9,697 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Hubbell by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,353,824 shares of the industrial products company’s stock valued at $550,571,000 after acquiring an additional 24,110 shares during the last quarter. Finally, Impax Asset Management Group plc grew its position in Hubbell by 9.5% in the second quarter. Impax Asset Management Group plc now owns 1,006,783 shares of the industrial products company’s stock worth $409,363,000 after acquiring an additional 87,627 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

Shares of Hubbell stock opened at $471.30 on Monday. The business has a 50-day moving average of $444.88 and a 200 day moving average of $435.22. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $484.26. The stock has a market capitalization of $25.05 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.85.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.54 billion. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.49 earnings per share. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. As a group, sell-side analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 28th. This is an increase from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s payout ratio is currently 35.24%.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of research analyst reports. Wall Street Zen downgraded Hubbell from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 29th. Morgan Stanley set a $515.00 price objective on Hubbell in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Evercore ISI assumed coverage on shares of Hubbell in a research report on Monday, December 15th. They set an “outperform” rating and a $575.00 price target for the company. Finally, Mizuho upped their price objective on shares of Hubbell from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $497.25.

Insiders Place Their Bets

In other Hubbell news, Director John F. Malloy purchased 435 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was bought at an average price of $429.24 per share, with a total value of $186,719.40. Following the transaction, the director directly owned 19,085 shares of the company’s stock, valued at approximately $8,192,045.40. This represents a 2.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Eugene Mikes sold 2,470 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $466.50, for a total transaction of $1,152,255.00. Following the completion of the transaction, the insider owned 4,785 shares of the company’s stock, valued at approximately $2,232,202.50. This trade represents a 34.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.66% of the stock is owned by company insiders.

Hubbell Company 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.