Hubbell Inc $HUBB Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in shares of Hubbell Inc (NYSE:HUBB) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,709 shares of the industrial products company’s stock after selling 225 shares during the period. US Bancorp DE’s holdings in Hubbell were worth $10,091,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HUBB. Belpointe Asset Management LLC purchased a new stake in Hubbell during the 2nd quarter worth about $320,000. Venturi Wealth Management LLC purchased a new stake in Hubbell during the 2nd quarter worth about $490,000. Teacher Retirement System of Texas increased its holdings in Hubbell by 1,462.9% during the 1st quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company’s stock worth $2,596,000 after purchasing an additional 7,344 shares during the period. Private Trust Co. NA increased its holdings in Hubbell by 60.4% during the 1st quarter. Private Trust Co. NA now owns 292 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 110 shares during the period. Finally, Stratos Wealth Partners LTD. increased its holdings in Hubbell by 29.6% during the 1st quarter. Stratos Wealth Partners LTD. now owns 1,578 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

HUBB has been the topic of several recent research reports. Barclays upped their price target on Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Stephens restated an “overweight” rating and set a $500.00 price target on shares of Hubbell in a report on Thursday, September 11th. Wells Fargo & Company upgraded Hubbell from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $445.00 to $490.00 in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Wednesday. Finally, Wall Street Zen upgraded Hubbell from a “buy” rating to a “strong-buy” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $472.63.

Hubbell Stock Down 2.5%

HUBB opened at $408.50 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. The business has a 50 day simple moving average of $430.98 and a 200-day simple moving average of $399.54. The stock has a market capitalization of $21.71 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.28 and a beta of 0.96. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $481.35.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, beating the consensus estimate of $4.36 by $0.57. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate 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. On average, equities analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $1.32 dividend. 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 1.3%. Hubbell’s payout ratio is currently 34.29%.

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.