Hubbell Inc $HUBB Shares Bought by Johnson Investment Counsel Inc.

Key Points

• Johnson Investment Counsel Inc. increased its stake in Hubbell Inc by 1.2% in the second quarter, now owning 94,945 shares worth $38.8 million.
• Hubbell reported $4.93 EPS for the last quarter, exceeding estimates and has set its FY 2025 EPS guidance between 17.650-18.15.
• The company declared a quarterly dividend of $1.32 per share, representing an annualized yield of 1.3% and a payout ratio of 34.29%.

Johnson Investment Counsel Inc. lifted its position in Hubbell Inc (NYSE:HUBB - Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,945 shares of the industrial products company's stock after acquiring an additional 1,166 shares during the quarter. Johnson Investment Counsel Inc. owned 0.18% of Hubbell worth $38,777,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new position in shares of Hubbell in the 2nd quarter worth approximately $29,000. Tsfg LLC acquired a new position in shares of Hubbell in the 1st quarter worth approximately $30,000. CX Institutional acquired a new position in shares of Hubbell in the 1st quarter worth approximately $49,000. Ransom Advisory Ltd acquired a new position in shares of Hubbell in the 1st quarter worth approximately $53,000. Finally, Groupe la Francaise acquired a new position in shares of Hubbell in the 1st quarter worth approximately $57,000. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Trading Down 2.5%

Shares of HUBB stock opened at $408.50 on Friday. 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 1 year low of $299.42 and a 1 year high of $481.35. The stock has a fifty day moving average of $430.98 and a two-hundred day moving average of $399.54. The firm has a market capitalization of $21.71 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96.

Hubbell (NYSE:HUBB - Get Free Report) last announced 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 company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, research analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 29th. Hubbell's payout ratio is 34.29%.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of analyst reports. Barclays boosted their price objective on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Stephens restated an "overweight" rating and set a $500.00 price objective on shares of Hubbell in a research report on Thursday, September 11th. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Wall Street Zen upgraded Hubbell from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Hubbell in a research report on Wednesday. Five 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, Hubbell currently has an average rating of "Moderate Buy" and an average target price of $472.63.

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.

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