AG2R LA Mondiale Gestion D Actifs Invests $960,000 in Hubbell Inc $HUBB

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 2,901 shares of Hubbell Inc, valued at approximately $960,000, indicating growing institutional interest in the company.
• Hubbell's stock has received positive ratings from several analysts, with consensus price targets ranging from $431.00 to $500.00 as the company is seen to benefit from the ongoing electrification boom.
• The company declared a quarterly dividend of $1.32 per share, which will be paid on September 15th, reflecting a 1.2% dividend yield and a payout ratio of 34.29%.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,901 shares of the industrial products company's stock, valued at approximately $960,000.

A number of other large investors have also recently made changes to their positions in HUBB. Tsfg LLC purchased a new stake in shares of Hubbell during the first quarter valued at $30,000. NBC Securities Inc. purchased a new stake in shares of Hubbell during the first quarter valued at $49,000. CX Institutional purchased a new stake in shares of Hubbell during the first quarter valued at $49,000. Ransom Advisory Ltd purchased a new stake in shares of Hubbell during the first quarter valued at $53,000. Finally, Groupe la Francaise purchased a new stake in shares of Hubbell during the first quarter valued at $57,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Down 0.6%

Shares of NYSE HUBB traded down $2.61 during trading hours on Friday, hitting $437.49. 74,760 shares of the stock were exchanged, compared to its average volume of 608,810. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The company has a market cap of $23.25 billion, a PE ratio of 28.43, a PEG ratio of 2.42 and a beta of 0.99. The firm has a fifty day moving average price of $432.55 and a 200-day moving average price of $390.26. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, topping the consensus estimate of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. On average, sell-side analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on HUBB shares. Stephens reissued an "overweight" rating and set a $500.00 target price on shares of Hubbell in a research note on Thursday, September 11th. Wells Fargo & Company raised shares of Hubbell from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Barclays upped their price objective on shares of Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $472.63.

Hubbell Company 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.