Hubbell Inc $HUBB Shares Sold by Temasek Holdings Private Ltd

Key Points

• Temasek Holdings Private Ltd has cut its stake in Hubbell Inc by 11%, now holding 21,881 shares valued at approximately $7.24 million.
• The company reported $4.93 EPS for the latest quarter, exceeding estimates, but revenue fell short of expectations at $1.48 billion.
• Hubbell has announced a quarterly dividend of $1.32 per share, with a dividend yield of 1.2% and a payout ratio of 34.29%.

Temasek Holdings Private Ltd trimmed its holdings in Hubbell Inc (NYSE:HUBB - Free Report) by 11.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,881 shares of the industrial products company's stock after selling 2,715 shares during the period. Temasek Holdings Private Ltd's holdings in Hubbell were worth $7,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its stake in Hubbell by 1,462.9% in the 1st quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company's stock worth $2,596,000 after purchasing an additional 7,344 shares in the last quarter. Private Trust Co. NA grew its position in shares of Hubbell by 60.4% in the first quarter. Private Trust Co. NA now owns 292 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 110 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Hubbell by 29.6% in the first quarter. Stratos Wealth Partners LTD. now owns 1,578 shares of the industrial products company's stock valued at $522,000 after purchasing an additional 360 shares in the last quarter. CX Institutional purchased a new stake in shares of Hubbell in the first quarter valued at approximately $49,000. Finally, GAMMA Investing LLC grew its position in shares of Hubbell by 58.7% in the first quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company's stock valued at $192,000 after purchasing an additional 215 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HUBB. JPMorgan Chase & Co. upped their price target on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Barclays upped their price target 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 "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $468.71.

Hubbell Trading Up 1.2%

NYSE:HUBB traded up $5.35 during trading hours on Wednesday, reaching $442.59. 538,625 shares of the stock were exchanged, compared to its average volume of 614,439. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $429.76 and a two-hundred day moving average of $387.35. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $481.35. The company has a market capitalization of $23.52 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.44 and a beta of 0.99.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results 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 return on equity of 27.63% and a net margin of 14.76%.The company 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. On average, equities analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. Hubbell's dividend payout ratio (DPR) is presently 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.