Eads & Heald Wealth Management Buys Shares of 2,650 Hubbell Inc $HUBB

Key Points

• Eads & Heald Wealth Management has acquired 2,650 shares of Hubbell Inc, valued at approximately $1,082,000, according to their latest SEC filing.
• Multiple institutional investors have increased their holdings in Hubbell, with Teacher Retirement System of Texas raising its position by 1,462.9% this year, now owning 7,846 shares worth $2,596,000.
• Analysts have a consensus rating of "Moderate Buy" for Hubbell, with price targets ranging from $431.00 to $500.00, reflecting positive outlooks from firms like Wells Fargo and Stephens.

Eads & Heald Wealth Management purchased a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,650 shares of the industrial products company's stock, valued at approximately $1,082,000.

Several other institutional investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas raised its position in Hubbell by 1,462.9% in the first quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company's stock worth $2,596,000 after acquiring an additional 7,344 shares during the period. Private Trust Co. NA lifted its position in shares of Hubbell by 60.4% during the 1st 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 in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Hubbell by 29.6% during the 1st quarter. Stratos Wealth Partners LTD. now owns 1,578 shares of the industrial products company's stock valued at $522,000 after acquiring an additional 360 shares during the period. Beacon Financial Group purchased a new stake in Hubbell in the 2nd quarter worth approximately $262,000. Finally, Zurich Insurance Group Ltd FI bought a new stake in Hubbell during the 1st quarter worth approximately $1,423,000. Institutional investors own 88.16% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HUBB. Weiss Ratings reiterated a "buy (b-)" rating on shares of Hubbell in a research report on Saturday, September 27th. Stephens reaffirmed an "overweight" rating and issued a $500.00 target price on shares of Hubbell in a report on Thursday, September 11th. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Barclays boosted their price objective on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded Hubbell from a "buy" rating to a "strong-buy" rating in a research report on Friday. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $472.63.

Hubbell Price Performance

Shares of Hubbell stock opened at $413.15 on Monday. The firm has a market cap of $21.95 billion, a PE ratio of 26.83, a PEG ratio of 2.31 and a beta of 0.96. The stock has a 50 day moving average of $432.84 and a 200 day moving average of $397.55. 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.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating analysts' consensus estimates of $4.36 by $0.57. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.The firm 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, research analysts expect that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm 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. The ex-dividend date was Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.3%. Hubbell's payout ratio is 34.29%.

Hubbell 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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