Czech National Bank Increases Position in Hubbell Inc $HUBB

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

Other large investors have also recently added to or reduced their stakes in the company. Horizon Investments LLC grew its holdings in Hubbell by 5.0% in the 1st quarter. Horizon Investments LLC now owns 770 shares of the industrial products company's stock valued at $255,000 after buying an additional 37 shares during the period. Abundance Wealth Counselors boosted its position in shares of Hubbell by 1.6% in the first quarter. Abundance Wealth Counselors now owns 2,573 shares of the industrial products company's stock worth $851,000 after acquiring an additional 41 shares during the last quarter. Vestcor Inc grew its holdings in Hubbell by 2.4% in the first 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 period. Brooklyn Investment Group grew its holdings in Hubbell by 16.4% in the first 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 period. Finally, UMB Bank n.a. increased its position in Hubbell by 21.1% during the first quarter. UMB Bank n.a. now owns 322 shares of the industrial products company's stock worth $107,000 after purchasing an additional 56 shares during the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUBB has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded shares of Hubbell from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Stephens reaffirmed an "overweight" rating and issued a $500.00 target price on shares of Hubbell in a research report on Thursday, September 11th. Barclays lifted their target price on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $472.63.

Hubbell Stock Down 0.6%

Shares of NYSE:HUBB traded down $2.65 during midday trading on Monday, hitting $438.79. 629,595 shares of the company's stock traded hands, compared to its average volume of 456,193. The firm's fifty day moving average price is $433.46 and its two-hundred day moving average price is $392.04. 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 twelve month low of $299.42 and a twelve month high of $481.35. The company has a market cap of $23.32 billion, a PE ratio of 28.49, a P/E/G ratio of 2.47 and a beta of 0.99.

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

Hubbell Dividend Announcement

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

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.