Cadinha & Co. LLC Increases Stock Holdings in Hubbell Inc $HUBB

Cadinha & Co. LLC increased its stake in shares of Hubbell Inc (NYSE:HUBB) by 88.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,204 shares of the industrial products company’s stock after purchasing an additional 2,445 shares during the quarter. Cadinha & Co. LLC’s holdings in Hubbell were worth $2,239,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HUBB. McKinley Carter Wealth Services Inc. increased its position in Hubbell by 16.7% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 19,829 shares of the industrial products company’s stock valued at $8,098,000 after purchasing an additional 2,843 shares during the period. Belpointe Asset Management LLC bought a new position in shares of Hubbell during the second quarter valued at approximately $320,000. Venturi Wealth Management LLC purchased a new position in Hubbell during the second quarter valued at approximately $490,000. Zurich Insurance Group Ltd FI bought a new position in Hubbell in the first quarter worth approximately $1,423,000. Finally, Beacon Financial Group purchased a new stake in Hubbell during the second quarter worth $262,000. 88.16% of the stock is currently owned by institutional investors.

Insider Transactions at Hubbell

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

Hubbell Price Performance

Shares of NYSE HUBB opened at $454.56 on Friday. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $484.26. The company has a market cap of $24.16 billion, a PE ratio of 28.20, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 1.36. The business has a 50-day simple moving average of $442.23 and a two-hundred day simple moving average of $430.37.

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

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $1.42 dividend. This is an increase from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 28th. Hubbell’s dividend payout ratio is 35.24%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $500.00 price target on shares of Hubbell in a report on Thursday, September 11th. Mizuho raised their price objective on Hubbell from $475.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. Wells Fargo & Company increased their price target 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $488.43.

Hubbell Company Profile

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.