BSW Wealth Partners Buys New Shares in Hubbell Inc $HUBB

Key Points

• BSW Wealth Partners acquired 639 new shares of Hubbell Inc, worth approximately $261,000, highlighting continued interest from institutional investors in the company.
• Analysts have raised their price targets for Hubbell, with Barclays setting a new price target of $431 and Wells Fargo increasing it to $490, reflecting a generally optimistic outlook.
• The company announced a quarterly dividend of $1.32 per share, resulting in an annual yield of 1.2%, and indicating healthy cash flow management.

BSW Wealth Partners bought a new position in shares of Hubbell Inc (NYSE:HUBB - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 639 shares of the industrial products company's stock, valued at approximately $261,000.

Other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its holdings in shares of Hubbell by 1,462.9% in the 1st quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company's stock valued at $2,596,000 after purchasing an additional 7,344 shares during the period. Private Trust Co. NA raised its stake in Hubbell by 60.4% in the first quarter. Private Trust Co. NA now owns 292 shares of the industrial products company's stock valued at $97,000 after buying an additional 110 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of Hubbell by 29.6% in the first quarter. Stratos Wealth Partners LTD. now owns 1,578 shares of the industrial products company's stock valued at $522,000 after buying an additional 360 shares during the last quarter. Beacon Financial Group acquired a new stake in shares of Hubbell in the second quarter valued at approximately $262,000. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Hubbell during the 1st quarter worth approximately $1,423,000. Institutional investors and hedge funds own 88.16% of the company's stock.

Analysts Set New Price Targets

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

Hubbell Stock Performance

NYSE HUBB opened at $423.75 on Friday. The firm has a 50-day moving average price of $433.43 and a two-hundred day moving average price of $396.24. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $481.35. The company has a market capitalization of $22.52 billion, a P/E ratio of 27.52, a P/E/G ratio of 2.41 and a beta of 0.96. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, beating analysts' consensus estimates of $4.36 by $0.57. The company 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. Analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Hubbell's dividend 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.

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