Hubbell Inc $HUBB Shares Acquired by Tema Etfs LLC

Key Points

• Tema Etfs LLC increased its stake in Hubbell Inc by 412.5%, acquiring an additional 6,237 shares, bringing its total holdings to 7,749 shares valued at approximately $2.56 million.
• Analysts have raised their price targets for Hubbell, with Wells Fargo increasing it from $420 to $445, while the average price target now stands at $462.29.
• Hubbell recently declared a quarterly dividend of $1.32 per share, which represents an annualized yield of 1.2%, with a dividend payout ratio of 34.29%.

Tema Etfs LLC lifted its stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 412.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,749 shares of the industrial products company's stock after acquiring an additional 6,237 shares during the quarter. Tema Etfs LLC's holdings in Hubbell were worth $2,564,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HUBB. Tsfg LLC purchased a new position in shares of Hubbell during the first quarter worth approximately $30,000. Johnson Financial Group Inc. increased its position 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 acquiring an additional 65 shares during the period. NBC Securities Inc. purchased a new position in shares of Hubbell during the first quarter worth approximately $49,000. CX Institutional purchased a new position in shares of Hubbell during the first quarter worth approximately $49,000. Finally, Groupe la Francaise purchased a new position in shares of Hubbell during the first quarter worth approximately $57,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Hubbell Stock Down 3.3%

HUBB traded down $14.62 during trading on Monday, hitting $431.18. The stock had a trading volume of 579,237 shares, compared to its average volume of 440,913. The company has a market capitalization of $22.91 billion, a PE ratio of 28.00, a PEG ratio of 2.41 and a beta of 0.99. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $481.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30. The stock has a 50 day simple moving average of $425.11 and a two-hundred day simple moving average of $384.76.

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 for the quarter, beating the consensus estimate of $4.36 by $0.57. The company 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. On average, research analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

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

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.