Hubbell Inc $HUBB Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,927 shares of the industrial products company's stock after selling 1,308 shares during the period. HighTower Advisors LLC owned about 0.05% of Hubbell worth $9,241,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Tsfg LLC bought a new position in shares of Hubbell during the first quarter worth about $30,000. Johnson Financial Group Inc. lifted its position in shares of Hubbell by 166.7% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock worth $44,000 after purchasing an additional 65 shares during the last quarter. CX Institutional bought a new position in shares of Hubbell during the first quarter worth about $49,000. NBC Securities Inc. bought a new position in Hubbell in the first quarter worth about $49,000. Finally, Intact Investment Management Inc. bought a new position in Hubbell in the first quarter worth about $66,000. Institutional investors own 88.16% of the company's stock.

Hubbell Stock Performance

Shares of HUBB traded up $16.0210 during mid-day trading on Friday, reaching $443.5910. 69,970 shares of the company's stock traded hands, compared to its average volume of 626,583. The business's 50-day moving average price is $419.36 and its 200-day moving average price is $383.12. The stock has a market capitalization of $23.57 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 2.41 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 Inc has a 12 month low of $299.42 and a 12 month high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, beating analysts' consensus estimates of $4.36 by $0.57. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations 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. Equities analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. Hubbell's dividend payout ratio (DPR) is currently 34.29%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays raised their target price on shares of Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Wells Fargo & Company raised their target price on shares of Hubbell from $420.00 to $445.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $462.29.

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.