Quantitative Investment Management LLC Takes Position in Hubbell Inc $HUBB

Key Points

• Quantitative Investment Management LLC acquired 4,871 shares of Hubbell Inc, valued at approximately $1.6 million, during the 1st quarter of the year.
• Hubbell recently announced a quarterly dividend of $1.32 per share, which will be paid on September 15, reflecting a 1.2% yield.
• Hubbell's stock has experienced a one-year low of $299.42 and a one-year high of $481.35, currently trading around $440.29.

Quantitative Investment Management LLC bought a new stake in Hubbell Inc (NYSE:HUBB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,871 shares of the industrial products company's stock, valued at approximately $1,611,000.

Other institutional investors also recently bought and sold shares of the company. Tsfg LLC bought a new position in Hubbell in the first quarter valued at about $30,000. Johnson Financial Group Inc. raised its stake in shares of Hubbell by 166.7% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock worth $44,000 after buying an additional 65 shares during the period. CX Institutional bought a new position in shares of Hubbell in the first quarter worth about $49,000. NBC Securities Inc. bought a new position in shares of Hubbell in the first quarter worth about $49,000. Finally, Groupe la Francaise bought a new position in shares of Hubbell in the first quarter worth about $57,000. Institutional investors own 88.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price objective on Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company raised their price objective on Hubbell from $420.00 to $445.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Wall Street Zen raised Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Barclays raised their price objective on Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Hubbell has a consensus rating of "Hold" and an average price target of $462.29.

Hubbell Price Performance

Shares of HUBB traded down $0.09 during mid-day trading on Thursday, hitting $445.97. 481,393 shares of the stock were exchanged, compared to its average volume of 622,950. The company has a market cap of $23.70 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $481.35. The firm has a 50-day moving average of $424.39 and a two-hundred day moving average of $384.62. 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 (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, topping the consensus estimate of $4.36 by $0.57. The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations 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 analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $1.32 dividend. 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 presently 34.29%.

About Hubbell

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.