Scientech Research LLC Acquires 712 Shares of Hubbell Inc $HUBB

Key Points

• Scientech Research LLC increased its stock position in Hubbell Inc by 59.7% in Q1, now holding shares worth $630,000.
• Hubbell reported earnings of $4.93 per share, surpassing estimates, and has set its FY 2025 EPS guidance between 17.650-18.15.
• The company has announced a quarterly dividend of $1.32, reflecting an annualized dividend yield of 1.2%.

Scientech Research LLC raised its stake in Hubbell Inc (NYSE:HUBB - Free Report) by 59.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,905 shares of the industrial products company's stock after buying an additional 712 shares during the quarter. Scientech Research LLC's holdings in Hubbell were worth $630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV increased its holdings in Hubbell by 0.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,515 shares of the industrial products company's stock worth $2,757,000 after buying an additional 26 shares during the last quarter. Horizon Investments LLC lifted its position in Hubbell by 5.0% during the first quarter. Horizon Investments LLC now owns 770 shares of the industrial products company's stock worth $255,000 after purchasing an additional 37 shares during the period. Abundance Wealth Counselors lifted its position in Hubbell by 1.6% during the first quarter. Abundance Wealth Counselors now owns 2,573 shares of the industrial products company's stock worth $851,000 after purchasing an additional 41 shares during the period. Vestcor Inc lifted its holdings in shares of Hubbell by 2.4% in the first quarter. Vestcor Inc now owns 2,146 shares of the industrial products company's stock worth $710,000 after acquiring an additional 50 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Hubbell by 16.4% in the first quarter. Brooklyn Investment Group now owns 384 shares of the industrial products company's stock worth $127,000 after acquiring an additional 54 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBB has been the subject of a number of research reports. JPMorgan Chase & Co. raised 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. Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stephens reiterated an "overweight" rating and issued a $500.00 price objective on shares of Hubbell in a report on Thursday. Wells Fargo & Company upgraded shares of Hubbell from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Finally, Barclays raised their price objective on shares of Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Four investment 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $472.63.

Hubbell Stock Down 3.0%

NYSE HUBB traded down $13.51 during mid-day trading on Friday, hitting $437.42. The company's stock had a trading volume of 729,280 shares, compared to its average volume of 399,971. The company's 50 day simple moving average is $430.95 and its 200 day simple moving average is $388.37. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $481.35. 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 firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.52 and a beta of 0.99.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. Hubbell's payout ratio 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.