Vontobel Holding Ltd. Increases Position in Hubbell Inc $HUBB

Vontobel Holding Ltd. boosted its position in Hubbell Inc (NYSE:HUBB - Free Report) by 24.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,739 shares of the industrial products company's stock after buying an additional 20,847 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.20% of Hubbell worth $44,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of HUBB. Central Pacific Bank Trust Division bought a new position in shares of Hubbell in the second quarter worth $29,000. Tsfg LLC bought a new stake in Hubbell during the first quarter worth about $30,000. CX Institutional bought a new stake in Hubbell during the first quarter worth about $49,000. NBC Securities Inc. bought a new stake in Hubbell during the first quarter worth about $49,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Hubbell in the first quarter worth about $53,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Trading Up 1.7%

Shares of HUBB stock opened at $419.96 on Thursday. Hubbell Inc has a 12-month low of $299.42 and a 12-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 stock's 50-day moving average price is $431.72 and its 200-day moving average price is $398.32. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96.

Hubbell (NYSE:HUBB - Get Free Report) last issued 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 firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations 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. Equities research analysts predict that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 29th. Hubbell's payout ratio is 34.29%.

Analyst Ratings Changes

Several research analysts have recently commented on HUBB shares. Wall Street Zen upgraded Hubbell from a "buy" rating to a "strong-buy" rating in a report on Friday, October 3rd. Wells Fargo & Company upgraded 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 report on Tuesday, September 2nd. Weiss Ratings restated a "buy (b-)" rating on shares of Hubbell in a research note on Wednesday. Stephens restated an "overweight" rating and issued a $500.00 price target on shares of Hubbell in a research note on Thursday, September 11th. Finally, Barclays upped their price objective on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $472.63.

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.

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.