Hubbell Inc $HUBB Shares Bought by Hudson Edge Investment Partners Inc.

Key Points

• Hudson Edge Investment Partners Inc. increased its stake in Hubbell Inc by 8.2% during Q2, owning 17,843 shares worth approximately $7.29 million.
• Hubbell reported $4.93 earnings per share for the last quarter, exceeding analysts' estimates of $4.36, and has set FY 2025 guidance at 17.650-18.15 EPS.
• The company recently declared a quarterly dividend of $1.32 per share, yielding 1.2%, with an annualized dividend total of $5.28.

Hudson Edge Investment Partners Inc. grew its position in Hubbell Inc (NYSE:HUBB - Free Report) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,843 shares of the industrial products company's stock after acquiring an additional 1,358 shares during the period. Hubbell comprises 1.2% of Hudson Edge Investment Partners Inc.'s portfolio, making the stock its 13th largest holding. Hudson Edge Investment Partners Inc.'s holdings in Hubbell were worth $7,287,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Hubbell in the 1st quarter valued at approximately $213,283,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Hubbell by 181.6% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 975,196 shares of the industrial products company's stock valued at $322,702,000 after buying an additional 628,886 shares during the period. Deutsche Bank AG boosted its stake in shares of Hubbell by 35.1% in 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. Parnassus Investments LLC acquired a new position in Hubbell during the first quarter worth $57,432,000. Finally, Robeco Institutional Asset Management B.V. raised its position in Hubbell by 848.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 191,748 shares of the industrial products company's stock worth $78,312,000 after acquiring an additional 171,535 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Performance

Hubbell stock opened at $423.75 on Friday. The stock has a fifty day moving average price of $433.43 and a 200 day moving average price of $396.24. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $481.35. The firm has a market capitalization of $22.52 billion, a P/E ratio of 27.52, a PEG ratio of 2.41 and a beta of 0.96. 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 (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, 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 firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Equities research analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently declared 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 of this dividend was Friday, August 29th. This represents a $5.28 annualized dividend and a yield of 1.2%. Hubbell's dividend payout ratio is 34.29%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HUBB shares. Barclays boosted their target price on shares of Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Stephens reissued an "overweight" rating and set a $500.00 price objective on shares of Hubbell in a report on Thursday, September 11th. Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Wells Fargo & Company raised shares of Hubbell from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Hubbell currently has a consensus rating of "Moderate Buy" and a consensus price target of $472.63.

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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