Focus Partners Wealth Has $2.04 Million Stake in Hubbell Inc $HUBB

Focus Partners Wealth decreased its holdings in shares of Hubbell Inc (NYSE:HUBB) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,162 shares of the industrial products company’s stock after selling 327 shares during the quarter. Focus Partners Wealth’s holdings in Hubbell were worth $2,040,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HUBB. Tsfg LLC acquired a new position in Hubbell during the first quarter worth about $30,000. NBC Securities Inc. acquired a new position in Hubbell during the first quarter worth about $49,000. CX Institutional acquired a new position in shares of Hubbell in the first quarter valued at approximately $49,000. Ransom Advisory Ltd acquired a new position in shares of Hubbell in the first quarter valued at approximately $53,000. Finally, Groupe la Francaise acquired a new position in shares of Hubbell in the first quarter valued at approximately $57,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HUBB shares. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Wells Fargo & Company raised Hubbell from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Stephens reaffirmed an “overweight” rating and issued a $500.00 price objective 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 note on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus target price of $472.63.

Hubbell Stock Down 0.7%

HUBB stock opened at $435.21 on Wednesday. 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 company has a market capitalization of $23.13 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.45 and a beta of 0.99. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $481.35. The stock has a fifty day moving average of $431.90 and a 200-day moving average of $389.37.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, topping the consensus estimate of $4.36 by $0.57. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, equities research analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

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