Hubbell Inc $HUBB Stock Holdings Lessened by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in Hubbell Inc (NYSE:HUBB) by 8.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,045 shares of the industrial products company’s stock after selling 1,845 shares during the period. Schroder Investment Management Group’s holdings in Hubbell were worth $8,595,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of HUBB. DB Fitzpatrick & Co Inc grew its holdings in shares of Hubbell by 0.6% during the second quarter. DB Fitzpatrick & Co Inc now owns 4,349 shares of the industrial products company’s stock valued at $1,776,000 after purchasing an additional 26 shares during the last quarter. Chicago Capital LLC lifted its holdings in shares of Hubbell by 0.5% in the 2nd quarter. Chicago Capital LLC now owns 6,131 shares of the industrial products company’s stock worth $2,504,000 after purchasing an additional 29 shares during the last quarter. Klingman & Associates LLC boosted its position in Hubbell by 1.2% during the 2nd quarter. Klingman & Associates LLC now owns 2,496 shares of the industrial products company’s stock valued at $1,019,000 after purchasing an additional 29 shares during the period. Bordeaux Wealth Advisors LLC boosted its position in Hubbell by 5.0% during the 2nd quarter. Bordeaux Wealth Advisors LLC now owns 635 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 30 shares during the period. Finally, Montag A & Associates Inc. grew its stake in Hubbell by 1.9% during the 2nd quarter. Montag A & Associates Inc. now owns 1,630 shares of the industrial products company’s stock worth $666,000 after buying an additional 30 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Up 2.0%

HUBB stock opened at $437.87 on Friday. The firm’s 50-day moving average is $434.51 and its two-hundred day moving average is $423.90. The company has a market capitalization of $23.27 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 2.36 and a beta of 1.01. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $484.26. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 0.28.

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

Hubbell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s dividend payout ratio (DPR) is presently 35.24%.

Insider Activity

In other Hubbell news, insider Alyssa R. Flynn sold 2,011 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $470.32, for a total value of $945,813.52. Following the sale, the insider directly owned 3,243 shares in the company, valued at approximately $1,525,247.76. The trade was a 38.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Eugene Mikes sold 2,470 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $466.50, for a total transaction of $1,152,255.00. Following the completion of the sale, the insider directly owned 4,785 shares of the company’s stock, valued at $2,232,202.50. The trade was a 34.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HUBB shares. Barclays raised their target price on Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Wells Fargo & Company upped their target price on shares of Hubbell from $490.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen upgraded shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 2nd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and an average target price of $474.00.

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.