Robeco Institutional Asset Management B.V. Boosts Stock Holdings in Hubbell Inc $HUBB

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Hubbell Inc by 848.6%, owning 191,748 shares valued at approximately $78.3 million.
• Hubbell reported earnings of $4.93 per share for the last quarter, exceeding estimates, and set FY 2025 guidance at 17.650-18.15 EPS.
• The company declared a quarterly dividend of $1.32 per share, reflecting an annualized yield of 1.2% with a dividend payout ratio of 34.29%.

Robeco Institutional Asset Management B.V. increased its position in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 848.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,748 shares of the industrial products company's stock after purchasing an additional 171,535 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.36% of Hubbell worth $78,312,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HUBB. Central Pacific Bank Trust Division purchased a new position in Hubbell during the second quarter worth about $29,000. Tsfg LLC acquired a new position in Hubbell during the first quarter worth about $30,000. NBC Securities Inc. acquired a new position in Hubbell during the first quarter worth about $49,000. CX Institutional acquired a new position in Hubbell during the first quarter worth about $49,000. Finally, Ransom Advisory Ltd acquired a new position in Hubbell during the first quarter worth about $53,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Down 1.6%

Shares of NYSE HUBB opened at $423.75 on Friday. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $481.35. The firm's 50 day moving average price is $433.43 and its 200 day moving average price is $396.24. The firm has a market cap of $22.52 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 2.41 and a beta of 0.96. 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 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. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The firm 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. As a group, sell-side analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current 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 paid a dividend of $1.32 per share. The ex-dividend date of this dividend was 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 currently 34.29%.

Wall Street Analysts Forecast Growth

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

Hubbell 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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