Hubbell Inc $HUBB Shares Acquired by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. increased its stake in Hubbell Inc by 11.2% during the first quarter, bringing its total to 34,885 shares valued at approximately $11.54 million.
• Hubbell recently reported earnings per share (EPS) of $4.93, which exceeded analyst expectations of $4.36, while setting its FY 2025 EPS guidance at 17.65-18.15.
• The company declared a quarterly dividend of $1.32 per share, with a yield of 1.2%, to be paid on September 15th to shareholders recorded by August 29th.

Epoch Investment Partners Inc. boosted its holdings in Hubbell Inc (NYSE:HUBB - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,885 shares of the industrial products company's stock after purchasing an additional 3,527 shares during the quarter. Epoch Investment Partners Inc. owned about 0.07% of Hubbell worth $11,544,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HUBB. Nuveen LLC purchased a new stake in shares of Hubbell in the first quarter valued at about $213,283,000. Deutsche Bank AG grew its holdings in shares of Hubbell by 35.1% during the first 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 during the last quarter. Bain Capital Public Equity Management II LLC purchased a new position in shares of Hubbell during the fourth quarter worth about $95,868,000. GAMMA Investing LLC increased its position in Hubbell by 52,429.8% in the 1st quarter. GAMMA Investing LLC now owns 192,259 shares of the industrial products company's stock valued at $636,200,000 after acquiring an additional 191,893 shares during the period. Finally, PointState Capital LP purchased a new stake in Hubbell during the 4th quarter valued at approximately $78,443,000. Institutional investors and hedge funds own 88.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays upped 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. Wells Fargo & Company lifted their price objective on shares of Hubbell from $420.00 to $445.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Hubbell presently has an average rating of "Hold" and an average target price of $462.29.

Hubbell Price Performance

Shares of HUBB traded down $14.62 during trading hours on Friday, reaching $431.18. The company had a trading volume of 579,237 shares, compared to its average volume of 449,169. 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 has a 50 day simple moving average of $425.11 and a 200-day simple moving average of $384.86. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.49 and a beta of 0.99.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, topping analysts' consensus estimates of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $1.32 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell's dividend payout ratio is currently 34.29%.

About Hubbell

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.