UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 15,178 Shares of Hubbell Inc $HUBB

Key Points

• UBS AM has increased its stake in Hubbell Inc by 5.6% in the first quarter, owning approximately 0.54% of the company, valued at $95.42 million.
• Hubbell reported a quarterly earnings of $4.93 per share, exceeding analyst expectations, and set its FY 2025 EPS guidance between 17.650-18.15.
• The company recently announced a quarterly dividend of $1.32 per share, with a dividend yield of 1.2%, reflecting a payout ratio of 34.29%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Hubbell Inc (NYSE:HUBB - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288,342 shares of the industrial products company's stock after purchasing an additional 15,178 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.54% of Hubbell worth $95,415,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HUBB. D. E. Shaw & Co. Inc. increased its holdings in shares of Hubbell by 551.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,985 shares of the industrial products company's stock worth $1,250,000 after purchasing an additional 2,527 shares during the period. Janus Henderson Group PLC grew its position in Hubbell by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 7,130 shares of the industrial products company's stock worth $2,988,000 after acquiring an additional 123 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in Hubbell by 20.3% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,234 shares of the industrial products company's stock worth $936,000 after acquiring an additional 377 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Hubbell in the fourth quarter worth $739,000. Finally, Nissay Asset Management Corp Japan ADV grew its position in Hubbell by 0.4% in 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 acquiring an additional 26 shares in the last quarter. Institutional investors own 88.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Hubbell from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Stephens restated an "overweight" rating and set a $500.00 price target on shares of Hubbell in a research report on Thursday, September 11th. Finally, Barclays upped their price target 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $472.63.

Hubbell Trading Up 1.7%

Shares of Hubbell stock traded up $7.21 during trading on Thursday, reaching $440.47. 401,463 shares of the stock were exchanged, compared to its average volume of 436,593. 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's fifty day moving average is $432.55 and its 200 day moving average is $390.26. The firm has a market cap of $23.41 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, topping analysts' consensus estimates of $4.36 by $0.57. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates 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. As a group, equities research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued 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 was Friday, August 29th. Hubbell's dividend payout ratio is currently 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.