Hubbell Inc $HUBB Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Hubbell Inc (NYSE:HUBB) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,081 shares of the industrial products company’s stock after buying an additional 2,091 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.61% of Hubbell worth $131,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. McKinley Carter Wealth Services Inc. lifted its position in shares of Hubbell by 16.7% during the second quarter. McKinley Carter Wealth Services Inc. now owns 19,829 shares of the industrial products company’s stock worth $8,098,000 after purchasing an additional 2,843 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in Hubbell in the second quarter valued at about $320,000. Venturi Wealth Management LLC acquired a new stake in Hubbell during the second quarter valued at approximately $490,000. Zurich Insurance Group Ltd FI acquired a new stake in Hubbell during the first quarter valued at approximately $1,423,000. Finally, Beacon Financial Group bought a new position in Hubbell during the 2nd quarter worth approximately $262,000. Institutional investors own 88.16% of the company’s stock.

Insider Transactions at Hubbell

In other news, Director John F. Malloy bought 435 shares of the business’s stock in a transaction on Monday, November 17th. The stock was purchased at an average cost of $429.24 per share, for a total transaction of $186,719.40. Following the completion of the transaction, the director directly owned 19,085 shares of the company’s stock, valued at approximately $8,192,045.40. This trade represents a 2.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alyssa R. Flynn sold 2,011 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $470.32, for a total value of $945,813.52. Following the transaction, the insider directly owned 3,243 shares of the company’s stock, valued at approximately $1,525,247.76. The trade was a 38.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.66% of the company’s stock.

Hubbell Trading Down 0.3%

NYSE:HUBB opened at $428.58 on Friday. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.36. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $484.26. The business has a fifty day moving average of $434.74 and a 200-day moving average of $422.35.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.19. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.49 earnings per share. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Equities analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s dividend payout ratio (DPR) is currently 35.24%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. UBS Group started coverage on shares of Hubbell in a report on Thursday, November 20th. They issued a “neutral” rating and a $450.00 price objective for the company. Stephens reissued an “overweight” rating and set a $500.00 target price on shares of Hubbell in a report on Thursday, September 11th. Wall Street Zen upgraded shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Hubbell from $490.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $474.00.

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.