Ameritas Advisory Services LLC Takes $250,000 Position in Hubbell Inc $HUBB

Ameritas Advisory Services LLC purchased a new stake in Hubbell Inc (NYSE:HUBB - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 613 shares of the industrial products company's stock, valued at approximately $250,000.

A number of other large investors have also made changes to their positions in HUBB. Nuveen LLC bought a new stake in shares of Hubbell in the 1st quarter valued at $213,283,000. Adage Capital Partners GP L.L.C. increased its position in shares of Hubbell by 181.6% in the 1st 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 buying an additional 628,886 shares in the last quarter. Deutsche Bank AG increased its position in shares of Hubbell by 35.1% in 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 in the last quarter. Parnassus Investments LLC bought a new stake in shares of Hubbell in the 1st quarter valued at $57,432,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Hubbell by 848.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 191,748 shares of the industrial products company's stock valued at $78,312,000 after buying an additional 171,535 shares in the last quarter. Institutional investors own 88.16% of the company's stock.

Hubbell Trading Down 0.1%

Hubbell stock opened at $412.70 on Wednesday. The firm has a 50-day moving average of $432.07 and a 200-day moving average of $398.17. Hubbell Inc has a one year low of $299.42 and a one year high of $481.35. 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 company has a market cap of $21.93 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.31 and a beta of 0.96.

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 analysts' consensus estimates of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. On average, equities analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. Hubbell's dividend payout ratio is presently 34.29%.

Analysts Set New Price Targets

HUBB has been the subject of a number of recent analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of Hubbell in a research report on Saturday, September 27th. Wells Fargo & Company raised shares of Hubbell from an "equal weight" rating to an "overweight" rating and upped their target price 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 "buy" rating to a "strong-buy" rating in a research note on Friday, October 3rd. Barclays upped their target price 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. Finally, Stephens reaffirmed an "overweight" rating and issued a $500.00 target price on shares of Hubbell in a research note on Thursday, September 11th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $472.63.

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.

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