Flow Traders U.S. LLC Purchases New Shares in Hubbell Inc $HUBB

Flow Traders U.S. LLC purchased a new position in shares of Hubbell Inc (NYSE:HUBB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,525 shares of the industrial products company’s stock, valued at approximately $623,000.

A number of other institutional investors have also recently bought and sold shares of the business. Citigroup Inc. raised its position in shares of Hubbell by 40.9% in the first quarter. Citigroup Inc. now owns 70,157 shares of the industrial products company’s stock valued at $23,216,000 after buying an additional 20,369 shares in the last quarter. Townsquare Capital LLC increased its stake in Hubbell by 12.6% during the 1st quarter. Townsquare Capital LLC now owns 3,034 shares of the industrial products company’s stock worth $1,004,000 after acquiring an additional 340 shares during the period. Benjamin Edwards Inc. raised its holdings in Hubbell by 19.3% in the 1st quarter. Benjamin Edwards Inc. now owns 1,213 shares of the industrial products company’s stock valued at $401,000 after acquiring an additional 196 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Hubbell by 8.3% in the 1st quarter. Public Sector Pension Investment Board now owns 7,267 shares of the industrial products company’s stock valued at $2,405,000 after acquiring an additional 555 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its position in shares of Hubbell by 5.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 16,781 shares of the industrial products company’s stock valued at $5,556,000 after acquiring an additional 888 shares during the period. Institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Stephens restated an “overweight” rating and issued a $500.00 target price on shares of Hubbell in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. UBS Group initiated coverage on shares of Hubbell in a research note on Thursday, November 20th. They issued a “neutral” rating and a $450.00 price objective on the stock. Finally, Barclays upped their target price on Hubbell from $431.00 to $456.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $474.00.

Hubbell Trading Up 2.2%

NYSE HUBB opened at $448.55 on Thursday. The company has a market cap of $23.84 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.42 and a beta of 1.01. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $484.26. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average is $435.62 and its 200 day moving average is $425.65.

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

Hubbell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 28th. This is a positive change from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s payout ratio is presently 35.24%.

Insider Buying and Selling at Hubbell

In other news, insider Alyssa R. Flynn sold 2,011 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $470.32, for a total transaction of $945,813.52. Following the completion of the transaction, the insider owned 3,243 shares of the company’s stock, valued at approximately $1,525,247.76. This trade represents a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Eugene Mikes sold 2,470 shares of Hubbell stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $466.50, for a total transaction of $1,152,255.00. Following the transaction, the insider owned 4,785 shares in the company, valued at approximately $2,232,202.50. This trade represents a 34.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.66% of the company’s stock.

Hubbell Company 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.