Hubbell Inc $HUBB Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its holdings in Hubbell Inc by 18.5%, owning 6,826 shares valued at approximately $2.26 million at the end of the first quarter.
• The company's quarterly earnings report revealed $4.93 earnings per share (EPS), exceeding analysts' expectations by $0.57, while revenue was $1.48 billion.
• Hubbell also declared a quarterly dividend of $1.32 per share, reflecting an annualized dividend of $5.28 and a yield of 1.2%.

UniSuper Management Pty Ltd grew its holdings in Hubbell Inc (NYSE:HUBB - Free Report) by 18.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,826 shares of the industrial products company's stock after buying an additional 1,065 shares during the quarter. UniSuper Management Pty Ltd's holdings in Hubbell were worth $2,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Hubbell by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 2,833,469 shares of the industrial products company's stock valued at $937,623,000 after acquiring an additional 7,142 shares during the period. Invesco Ltd. increased its holdings in shares of Hubbell by 2.1% in the 1st quarter. Invesco Ltd. now owns 1,522,338 shares of the industrial products company's stock valued at $503,757,000 after purchasing an additional 31,859 shares in the last quarter. Deutsche Bank AG lifted 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 purchasing an additional 287,047 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in Hubbell by 181.6% during the first quarter. Adage Capital Partners GP L.L.C. now owns 975,196 shares of the industrial products company's stock worth $322,702,000 after buying an additional 628,886 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Hubbell during the first quarter worth about $213,283,000. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $442.59 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30. The business's fifty day moving average price is $429.76 and its two-hundred day moving average price is $387.35. The stock has a market cap of $23.52 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.45 and a beta of 0.99. Hubbell Inc has a one year low of $299.42 and a one year high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.57. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate 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. On average, analysts forecast that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Hubbell's dividend payout ratio (DPR) is currently 34.29%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HUBB. JPMorgan Chase & Co. lifted their price target on shares of Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Barclays boosted their target price on Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Wells Fargo & Company raised Hubbell from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $468.71.

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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