Hubbell Inc $HUBB Holdings Increased by Czech National Bank

Key Points

• The Czech National Bank has increased its stake in Hubbell Inc by 5.8%, now holding 13,046 shares valued at approximately $5.3 million.
• Hubbell recently reported earnings of $4.93 per share, exceeding analysts' expectations, and set FY 2025 guidance at 17.650-18.15 EPS.
• Hubbell announced a quarterly dividend of $1.32, representing an annual yield of 1.2% and a dividend payout ratio of 34.29%.

Czech National Bank lifted its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,046 shares of the industrial products company's stock after buying an additional 720 shares during the period. Czech National Bank's holdings in Hubbell were worth $5,328,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Horizon Investments LLC boosted its position in Hubbell by 5.0% during the first quarter. Horizon Investments LLC now owns 770 shares of the industrial products company's stock worth $255,000 after acquiring an additional 37 shares during the last quarter. Abundance Wealth Counselors boosted its holdings in shares of Hubbell by 1.6% in the 1st quarter. Abundance Wealth Counselors now owns 2,573 shares of the industrial products company's stock valued at $851,000 after purchasing an additional 41 shares during the last quarter. Vestcor Inc boosted its holdings in shares of Hubbell by 2.4% in the 1st quarter. Vestcor Inc now owns 2,146 shares of the industrial products company's stock valued at $710,000 after purchasing an additional 50 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Hubbell by 16.4% in the 1st quarter. Brooklyn Investment Group now owns 384 shares of the industrial products company's stock valued at $127,000 after purchasing an additional 54 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Hubbell by 21.1% in the 1st quarter. UMB Bank n.a. now owns 322 shares of the industrial products company's stock valued at $107,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Stock Performance

Shares of NYSE HUBB traded down $6.44 during midday trading on Monday, hitting $435.00. The company's stock had a trading volume of 118,777 shares, compared to its average volume of 609,330. 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 firm's fifty day moving average price is $432.99 and its 200-day moving average price is $391.46. The firm has a market cap of $23.12 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.47 and a beta of 0.99. Hubbell Inc has a 1-year low of $299.42 and a 1-year high of $481.35.

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

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Hubbell's payout ratio is presently 34.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays raised their target price on shares of Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Stephens reaffirmed an "overweight" rating and set a $500.00 price target on shares of Hubbell in a research note on Thursday, September 11th. Finally, Wells Fargo & Company raised shares of Hubbell from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Hubbell currently has an average rating of "Moderate Buy" and a consensus target price 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.