510 Shares in Hubbell Inc $HUBB Bought by Charter Research & Investment Group Inc.

Charter Research & Investment Group Inc. acquired a new position in Hubbell Inc (NYSE:HUBB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 510 shares of the industrial products company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Nuveen LLC purchased a new stake in shares of Hubbell during the 1st quarter worth approximately $213,283,000. Adage Capital Partners GP L.L.C. grew its holdings in Hubbell by 181.6% during the first quarter. Adage Capital Partners GP L.L.C. now owns 975,196 shares of the industrial products company’s stock valued at $322,702,000 after purchasing an additional 628,886 shares during the period. Boston Partners bought a new stake in shares of Hubbell in the second quarter valued at $230,200,000. Mirova US LLC purchased a new position in shares of Hubbell during the 2nd quarter valued at $139,386,000. Finally, Deutsche Bank AG lifted its position in shares of Hubbell by 35.1% during the 1st quarter. Deutsche Bank AG now owns 1,104,085 shares of the industrial products company’s stock valued at $365,353,000 after buying an additional 287,047 shares during the last quarter. 88.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of Hubbell from $490.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Barclays boosted their target price on shares of Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen raised Hubbell from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 2nd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average target price of $477.83.

Insider Buying and Selling at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 2,470 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 4,785 shares in the company, valued at $2,232,202.50. This trade represents a 34.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alyssa R. Flynn sold 2,011 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $470.32, for a total value of $945,813.52. Following the completion of the transaction, the insider owned 3,243 shares of the company’s stock, valued at $1,525,247.76. The trade was a 38.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.76% of the company’s stock.

Hubbell Stock Performance

NYSE:HUBB opened at $452.45 on Thursday. The stock has a market cap of $24.05 billion, a P/E ratio of 28.07, a PEG ratio of 2.60 and a beta of 1.00. The company has a quick ratio of 0.76, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $437.87 and its two-hundred day moving average price is $417.45. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $484.26.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. Hubbell’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 business earned $4.49 earnings per share. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. As a group, equities analysts predict that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a dividend of $1.42 per share. This is an increase from Hubbell’s previous quarterly dividend of $1.32. The ex-dividend date is Friday, November 28th. This represents a $5.68 annualized dividend and a dividend yield of 1.3%. Hubbell’s dividend payout ratio is 35.24%.

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.