Russell Investments Group Ltd. increased its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,353 shares of the industrial products company's stock after purchasing an additional 3,763 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Hubbell worth $11,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in HUBB. Tsfg LLC purchased a new position in shares of Hubbell during the first quarter worth $30,000. Johnson Financial Group Inc. raised its holdings in shares of Hubbell by 166.7% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock worth $44,000 after purchasing an additional 65 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Hubbell during the first quarter worth $49,000. CX Institutional purchased a new position in shares of Hubbell during the first quarter worth $49,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Hubbell during the first quarter worth $66,000. Hedge funds and other institutional investors own 88.16% of the company's stock.
Analysts Set New Price Targets
HUBB has been the subject of several recent research reports. Barclays raised their target price on shares of Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their price objective on shares of Hubbell from $420.00 to $445.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $462.29.
Read Our Latest Stock Report on HUBB
Hubbell Price Performance
Shares of NYSE HUBB traded down $2.1810 during trading on Thursday, hitting $427.7790. The company had a trading volume of 415,357 shares, compared to its average volume of 576,255. The stock has a fifty day simple moving average of $419.36 and a two-hundred day simple moving average of $383.12. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $481.35. The firm 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 quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30.
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, beating the consensus estimate of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. 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, research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current year.
Hubbell Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $1.32 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. Hubbell's dividend payout ratio (DPR) is 34.29%.
Hubbell Company Profile
(
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
Before you consider Hubbell, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hubbell wasn't on the list.
While Hubbell currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access