Hubbell Inc $HUBB Shares Sold by Boston Family Office LLC

Key Points

• Boston Family Office LLC sold 710 shares of Hubbell Inc, decreasing its holdings by 6.2% to 10,693 shares, valued at approximately $3.54 million.
• Institutional investors dominate Hubbell’s ownership, holding 88.16% of the company's stock, with notable recent activity from others like Townsquare Capital and Guggenheim Capital.
• Hubbell Inc recently announced a quarterly dividend of $1.32 per share, set to be paid on September 15th, which reflects an annualized yield of 1.2%.

Boston Family Office LLC decreased its position in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 6.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 10,693 shares of the industrial products company's stock after selling 710 shares during the period. Boston Family Office LLC's holdings in Hubbell were worth $3,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tsfg LLC purchased a new stake in shares of Hubbell in the 1st quarter worth approximately $30,000. Johnson Financial Group Inc. lifted its position in Hubbell by 166.7% in the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 65 shares in the last quarter. CX Institutional bought a new position in shares of Hubbell during the 1st quarter valued at $49,000. NBC Securities Inc. bought a new position in shares of Hubbell during the 1st quarter valued at $49,000. Finally, Intact Investment Management Inc. bought a new position in shares of Hubbell during the 1st quarter valued at $66,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HUBB. JPMorgan Chase & Co. raised their target price on Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen raised Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Wells Fargo & Company increased their price target on Hubbell from $420.00 to $445.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Barclays increased their price target on Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $462.29.

Hubbell Trading Down 0.6%

Shares of NYSE:HUBB traded down $2.78 during trading on Wednesday, reaching $430.03. The company's stock had a trading volume of 187,261 shares, compared to its average volume of 630,414. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $481.35. The firm's 50 day simple moving average is $417.80 and its two-hundred day simple moving average is $382.66. The stock has a market capitalization of $22.85 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99.

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

Hubbell Dividend Announcement

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