St. James Investment Company LLC Buys Shares of 17,323 Hubbell Inc $HUBB

Key Points

• St. James Investment Company LLC acquired 17,323 shares of Hubbell Inc, valued at approximately $7,075,000, representing 1.1% of their investment portfolio.
• Hubbell's recent quarterly earnings exceeded expectations, reporting $4.93 EPS against the consensus estimate of $4.36, though revenues of $1.48 billion fell short of forecasts.
• The firm declared a quarterly dividend of $1.32 per share, yielding 1.2%, with a dividend payout ratio of 34.29% based on current earnings.

St. James Investment Company LLC bought a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 17,323 shares of the industrial products company's stock, valued at approximately $7,075,000. Hubbell comprises about 1.1% of St. James Investment Company LLC's investment portfolio, making the stock its 24th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. increased its stake in Hubbell by 400.0% during the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 68 shares during the last quarter. Klingman & Associates LLC grew its position in shares of Hubbell by 1.2% during the second quarter. Klingman & Associates LLC now owns 2,496 shares of the industrial products company's stock worth $1,019,000 after acquiring an additional 29 shares during the last quarter. WESPAC Advisors SoCal LLC grew its position in shares of Hubbell by 63.8% during the second quarter. WESPAC Advisors SoCal LLC now owns 2,379 shares of the industrial products company's stock worth $972,000 after acquiring an additional 927 shares during the last quarter. Stephens Inc. AR grew its position in shares of Hubbell by 6.8% during the second quarter. Stephens Inc. AR now owns 1,819 shares of the industrial products company's stock worth $743,000 after acquiring an additional 116 shares during the last quarter. Finally, Empirical Asset Management LLC bought a new position in shares of Hubbell during the second quarter worth about $576,000. Institutional investors own 88.16% of the company's stock.

Hubbell Stock Performance

HUBB stock opened at $435.50 on Wednesday. The company has a market capitalization of $23.14 billion, a P/E ratio of 28.28, a PEG ratio of 2.41 and a beta of 0.96. The company has a 50-day simple moving average of $431.68 and a 200 day simple moving average of $404.31. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $481.35. 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 posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, topping the consensus estimate of $4.36 by $0.57. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Sell-side analysts predict that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $1.32 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.28 annualized dividend and a yield of 1.2%. Hubbell's dividend payout ratio is presently 34.29%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HUBB. Mizuho upped their price target on shares of Hubbell from $475.00 to $480.00 and gave the stock an "outperform" rating in a research report on Friday. Wall Street Zen upgraded shares of Hubbell from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 11th. Weiss Ratings restated a "buy (b-)" rating on shares of Hubbell in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Hubbell from $417.00 to $458.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company upgraded shares of Hubbell from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $476.50.

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.

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