Eisler Capital Management Ltd. Takes Position in Hubbell Inc $HUBB

Key Points

• Eisler Capital Management Ltd. has acquired a new position in Hubbell Inc (NYSE:HUBB) by purchasing 12,340 shares valued at approximately $4.1 million.
• Multiple analysts have updated their ratings and target prices for HUBB, with JPMorgan raising its target from $352 to $417 and Wells Fargo from $420 to $445.
• Hubbell's quarterly earnings report revealed an EPS of $4.93, beating estimates, with revenue of $1.48 billion and a dividend yield of 1.2% set to be paid on September 15th.

Eisler Capital Management Ltd. purchased a new position in Hubbell Inc (NYSE:HUBB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,340 shares of the industrial products company's stock, valued at approximately $4,086,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Hubbell by 0.3% during the first quarter. Bank of New York Mellon Corp now owns 2,833,469 shares of the industrial products company's stock valued at $937,623,000 after buying an additional 7,142 shares in the last quarter. Invesco Ltd. raised its stake in Hubbell by 2.1% during the first quarter. Invesco Ltd. now owns 1,522,338 shares of the industrial products company's stock valued at $503,757,000 after buying an additional 31,859 shares in the last quarter. Deutsche Bank AG raised its stake in Hubbell by 35.1% during the first quarter. Deutsche Bank AG now owns 1,104,085 shares of the industrial products company's stock valued at $365,353,000 after buying an additional 287,047 shares in the last quarter. Nuveen LLC acquired a new stake in Hubbell during the first quarter valued at approximately $213,283,000. Finally, Northern Trust Corp raised its stake in Hubbell by 2.9% during the first quarter. Northern Trust Corp now owns 532,977 shares of the industrial products company's stock valued at $176,367,000 after buying an additional 14,866 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Stock Performance

HUBB stock traded down $3.49 on Tuesday, reaching $427.50. The company's stock had a trading volume of 126,954 shares, compared to its average volume of 619,593. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $481.35. The company has a market capitalization of $22.72 billion, a P/E ratio of 27.79, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. The firm has a fifty day moving average of $425.84 and a two-hundred day moving average of $385.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Hubbell had a return on equity of 27.63% and a net margin of 14.76%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, 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 paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Hubbell's dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analyst Weigh In

HUBB has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. 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 report on Tuesday. 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 report on Friday, August 1st. Three 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $468.71.

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.