Caitlin John LLC Makes New Investment in Hubbell Inc $HUBB

Key Points

• Caitlin John LLC has made a new investment in Hubbell Inc, acquiring 725 shares valued at approximately $296,000 during the second quarter.
• Multiple institutional investors have recently increased their stakes in Hubbell, with a total of 88.16% of the stock currently owned by institutional investors.
• Hubbell has been upgraded by several brokerages, with Wells Fargo raising their target price from $445 to $490, and consensus price target now sitting at $472.63.

Caitlin John LLC purchased 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 SEC. The institutional investor purchased 725 shares of the industrial products company's stock, valued at approximately $296,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of Hubbell by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,833,469 shares of the industrial products company's stock worth $937,623,000 after buying an additional 7,142 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Hubbell by 2.1% during the 1st quarter. Invesco Ltd. now owns 1,522,338 shares of the industrial products company's stock worth $503,757,000 after buying an additional 31,859 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Hubbell by 35.1% during the 1st quarter. Deutsche Bank AG now owns 1,104,085 shares of the industrial products company's stock worth $365,353,000 after buying an additional 287,047 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings 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 worth $322,702,000 after purchasing an additional 628,886 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Hubbell in the 1st quarter worth $213,283,000. 88.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HUBB. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $445.00 to $490.00 in a report on Tuesday, September 2nd. Barclays increased their target price on Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Stephens reiterated an "overweight" rating and issued a $500.00 target price on shares of Hubbell in a report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $472.63.

Hubbell Trading Up 0.3%

Shares of HUBB opened at $441.26 on Monday. The business has a 50-day moving average of $432.99 and a 200 day moving average of $391.46. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $481.35. The firm has a market cap of $23.45 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30.

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 for the quarter, topping the consensus estimate of $4.36 by $0.57. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.The company 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. As a group, research analysts forecast that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

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