Vanguard Personalized Indexing Management LLC Has $4.25 Million Stake in Hubbell Inc $HUBB

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Hubbell Inc by 13.6%, owning 10,413 shares worth approximately $4.25 million.
• Several hedge funds have made new investments in Hubbell, with institutional investors now holding 88.16% of the company's stock.
• Hubbell's stock received favorable ratings from analysts, with an average target price of $472.63 and upgrades from Barclays, Wells Fargo, and others.

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 13.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,413 shares of the industrial products company's stock after purchasing an additional 1,248 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Hubbell were worth $4,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Hubbell in the second quarter valued at $29,000. Tsfg LLC acquired a new stake in Hubbell in the 1st quarter valued at about $30,000. CX Institutional acquired a new stake in Hubbell in the 1st quarter valued at about $49,000. Ransom Advisory Ltd acquired a new stake in Hubbell in the 1st quarter valued at about $53,000. Finally, Groupe la Francaise acquired a new stake in Hubbell in the 1st quarter valued at about $57,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of research reports. Barclays raised their price target 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. Wall Street Zen raised Hubbell from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Weiss Ratings reissued a "buy (b-)" rating on shares of Hubbell in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Finally, Stephens reiterated an "overweight" rating and issued a $500.00 price objective on shares of Hubbell in a research report on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $472.63.

Hubbell Stock Up 2.0%

Shares of Hubbell stock opened at $426.97 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. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $481.35. The business has a fifty day simple moving average of $430.73 and a 200 day simple moving average of $400.73. The stock has a market cap of $22.69 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.34 and a beta of 0.96.

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 (EPS) for the quarter, topping the consensus estimate 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 return on equity of 27.63% and a net margin of 14.76%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Research analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

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

Want to see what other hedge funds are holding HUBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hubbell Inc (NYSE:HUBB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.