Hamilton Point Investment Advisors LLC Has $7.90 Million Stake in Hubbell Inc $HUBB

Key Points

• Hamilton Point Investment Advisors LLC reduced its stake in Hubbell Inc by 4.5%, holding 19,353 shares valued at approximately $7.90 million.
• Several institutional investors, including Central Pacific Bank Trust Division and Tsfg LLC, have recently initiated new stakes in Hubbell, contributing to an institutional ownership of 88.16%.
• Hubbell's stock has a Moderate Buy rating from analysts, with an average price target of $472.63.

Hamilton Point Investment Advisors LLC decreased its position in Hubbell Inc (NYSE:HUBB - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,353 shares of the industrial products company's stock after selling 919 shares during the period. Hubbell makes up 1.3% of Hamilton Point Investment Advisors LLC's holdings, making the stock its 23rd biggest holding. Hamilton Point Investment Advisors LLC's holdings in Hubbell were worth $7,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in Hubbell in the second quarter valued at $29,000. Tsfg LLC acquired a new position in Hubbell during the 1st quarter valued at about $30,000. CX Institutional bought a new stake in Hubbell during the 1st quarter worth approximately $49,000. Ransom Advisory Ltd bought a new stake in Hubbell during the 1st quarter worth approximately $53,000. Finally, Groupe la Francaise bought a new stake in Hubbell during the 1st quarter worth approximately $57,000. 88.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of recent research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Hubbell in a report on Wednesday, October 8th. Stephens reaffirmed an "overweight" rating and issued a $500.00 price objective on shares of Hubbell in a research report on Thursday, September 11th. Barclays raised their price target on shares of 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 raised shares of Hubbell from an "equal weight" rating to an "overweight" rating and raised their price objective 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 "buy" rating to a "strong-buy" rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $472.63.

Hubbell Trading Up 2.4%

NYSE:HUBB opened at $418.28 on Tuesday. Hubbell Inc has a one year low of $299.42 and a one year high of $481.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. The company's 50-day simple moving average is $430.75 and its 200 day simple moving average is $400.55. The firm has a market capitalization of $22.23 billion, a P/E ratio of 27.16, a PEG ratio of 2.28 and a beta of 0.96.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly 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 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 analysts' expectations of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, analysts forecast that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $1.32 per share. The ex-dividend date was Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a yield of 1.3%. 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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