Hubbell Inc $HUBB Shares Purchased by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management LLC increased its holdings in Hubbell Inc by 146.8% in the second quarter, now owning 24,345 shares worth approximately $9.94 million.
• Hubbell recently reported an EPS of $4.93 for the quarter, exceeding estimates, and has set its FY 2025 guidance at 17.650-18.15 EPS.
• The company announced a quarterly dividend of $1.32 per share, representing a yield of 1.3%, with a payout ratio of 34.29%.

Boston Common Asset Management LLC increased its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 146.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,345 shares of the industrial products company's stock after purchasing an additional 14,481 shares during the period. Boston Common Asset Management LLC's holdings in Hubbell were worth $9,943,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HUBB. Central Pacific Bank Trust Division acquired a new stake in shares of Hubbell in the 2nd quarter worth $29,000. Tsfg LLC acquired a new stake in shares of Hubbell in the 1st quarter worth $30,000. CX Institutional acquired a new stake in shares of Hubbell in the 1st quarter worth $49,000. NBC Securities Inc. acquired a new stake in shares of Hubbell in the 1st quarter worth $49,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Hubbell in the 1st quarter worth $53,000. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Stock Performance

Shares of HUBB opened at $413.15 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. The stock has a market cap of $21.95 billion, a P/E ratio of 26.83, a PEG ratio of 2.31 and a beta of 0.96. The company has a 50-day moving average of $432.84 and a two-hundred day moving average of $397.15. 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 announced its 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. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, research analysts predict that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a yield of 1.3%. Hubbell's payout ratio is presently 34.29%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stephens restated an "overweight" rating and issued a $500.00 target price on shares of Hubbell in a research note on Thursday, September 11th. Wall Street Zen upgraded shares of Hubbell from a "buy" rating to a "strong-buy" rating in a report on Friday. Wells Fargo & Company upgraded shares of Hubbell from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Barclays increased their price target on shares of Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Hubbell in a report on Saturday, September 27th. Five investment 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, the company has an average rating of "Moderate Buy" and an average 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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