Sandhill Capital Partners LLC Has $37.53 Million Holdings in Hubbell Inc $HUBB

Key Points

• Sandhill Capital Partners LLC reduced its holdings in Hubbell Inc by 1.5%, now owning $37.53 million worth of shares, which represents about 3.1% of their portfolio.
• Hubbell recently announced a quarterly dividend of $1.32 per share, with an annualized yield of 1.2% and a dividend payout ratio of 34.29%.
• The company beat analysts' earnings estimates, reporting $4.93 EPS for the quarter, and has provided FY 2025 guidance of 17.650-18.15 EPS.

Sandhill Capital Partners LLC lowered its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,418 shares of the industrial products company's stock after selling 1,758 shares during the quarter. Hubbell accounts for about 3.1% of Sandhill Capital Partners LLC's portfolio, making the stock its 15th biggest position. Sandhill Capital Partners LLC owned about 0.21% of Hubbell worth $37,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tsfg LLC bought a new stake in shares of Hubbell during the first quarter worth $30,000. Johnson Financial Group Inc. raised its stake in shares of Hubbell by 166.7% in 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 during the period. NBC Securities Inc. bought a new stake in shares of Hubbell in the first quarter valued at about $49,000. CX Institutional acquired a new position in shares of Hubbell during the first quarter worth about $49,000. Finally, Intact Investment Management Inc. bought a new position in shares of Hubbell during the first quarter worth about $66,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBB has been the topic of several research reports. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays raised their target price on shares of Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Wells Fargo & Company increased their price objective on shares of Hubbell from $420.00 to $445.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $462.29.

Hubbell Stock Performance

HUBB opened at $432.3960 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 2.42 and a beta of 0.99. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $481.35. The business has a 50 day moving average of $417.80 and a 200-day moving average of $382.66.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating 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 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 expect that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $1.32 per share. The ex-dividend date is Friday, August 29th. This represents a $5.28 annualized dividend and a yield of 1.2%. Hubbell's dividend payout ratio (DPR) is presently 34.29%.

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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