B. Metzler seel. Sohn & Co. AG Buys 1,072 Shares of Hubbell Inc $HUBB

Key Points

• B. Metzler seel. Sohn & Co. AG increased its position in Hubbell Inc by 16.6%, holding 7,530 shares valued at approximately $2.49 million.
• The company reported earnings of $4.93 per share for the last quarter, surpassing analysts' expectations, and set its fiscal year 2025 EPS guidance between 17.650-18.15.
• Hubbell announced a quarterly dividend of $1.32 per share, with an annualized yield of 1.2% and a payout ratio of 34.29%.

B. Metzler seel. Sohn & Co. AG grew its position in Hubbell Inc (NYSE:HUBB - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,530 shares of the industrial products company's stock after acquiring an additional 1,072 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Hubbell were worth $2,492,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nissay Asset Management Corp Japan ADV grew its stake in shares of Hubbell by 0.4% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,515 shares of the industrial products company's stock valued at $2,757,000 after buying an additional 26 shares in the last quarter. Horizon Investments LLC increased its position in Hubbell by 5.0% during the 1st quarter. Horizon Investments LLC now owns 770 shares of the industrial products company's stock worth $255,000 after purchasing an additional 37 shares during the period. Abundance Wealth Counselors grew its holdings in shares of Hubbell by 1.6% in the 1st quarter. Abundance Wealth Counselors now owns 2,573 shares of the industrial products company's stock worth $851,000 after acquiring an additional 41 shares during the period. Utah Retirement Systems lifted its stake in Hubbell by 0.5% in the 4th quarter. Utah Retirement Systems now owns 8,857 shares of the industrial products company's stock valued at $3,710,000 after buying an additional 48 shares in the last quarter. Finally, Vestcor Inc lifted its stake in shares of Hubbell by 2.4% during the 1st quarter. Vestcor Inc now owns 2,146 shares of the industrial products company's stock worth $710,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 88.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company raised shares of 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 research note on Tuesday. Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Barclays upped their price target on shares of Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $468.71.

Hubbell Trading Down 0.3%

HUBB stock traded down $1.34 during midday trading on Tuesday, reaching $429.65. The company's stock had a trading volume of 218,758 shares, compared to its average volume of 620,199. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $481.35. The stock has a market cap of $22.83 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. 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 business's 50-day simple moving average is $425.84 and its 200-day simple moving average is $385.04.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, sell-side analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

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

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.