Venture Visionary Partners LLC reduced its position in Hubbell Inc (NYSE:HUBB - Free Report) by 28.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,152 shares of the industrial products company's stock after selling 6,420 shares during the period. Venture Visionary Partners LLC's holdings in Hubbell were worth $5,345,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tsfg LLC purchased a new position in Hubbell during the 1st quarter valued at $30,000. Johnson Financial Group Inc. increased its stake in Hubbell by 166.7% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 65 shares in the last quarter. NBC Securities Inc. bought a new stake in Hubbell during the 1st quarter valued at about $49,000. CX Institutional bought a new stake in Hubbell in the 1st quarter worth about $49,000. Finally, Intact Investment Management Inc. bought a new stake in Hubbell in the 1st quarter worth about $66,000. 88.16% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on HUBB shares. JPMorgan Chase & Co. boosted their price target on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays boosted their price target on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company lifted their price objective on Hubbell from $420.00 to $445.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $462.29.
Check Out Our Latest Analysis on HUBB
Hubbell Trading Down 0.5%
Shares of NYSE HUBB traded down $2.1810 during trading hours on Thursday, hitting $427.7790. 415,357 shares of the company traded hands, compared to its average volume of 576,255. The stock has a market capitalization of $22.73 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. 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 company's 50 day moving average price is $419.36 and its 200 day moving average price is $383.12. 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 released its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share 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 business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. 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 earnings per share for the current fiscal year.
Hubbell Dividend Announcement
The firm 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 $1.32 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a yield of 1.2%. Hubbell's dividend payout ratio (DPR) is 34.29%.
Hubbell Company Profile
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Free Report)
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.
Further Reading
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