Dynasty Wealth Management LLC Acquires New Stake in Hubbell Inc $HUBB

Dynasty Wealth Management LLC bought a new position in Hubbell Inc (NYSE:HUBB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,269 shares of the industrial products company’s stock, valued at approximately $546,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Hubbell during the 3rd quarter valued at about $45,000. Nordwand Advisors LLC boosted its stake in Hubbell by 9.5% during the third quarter. Nordwand Advisors LLC now owns 13,129 shares of the industrial products company’s stock valued at $5,650,000 after buying an additional 1,144 shares during the last quarter. Allstate Corp purchased a new position in Hubbell during the 3rd quarter valued at approximately $768,000. Wealth Enhancement Advisory Services LLC increased its stake in Hubbell by 1.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,111 shares of the industrial products company’s stock worth $4,588,000 after acquiring an additional 123 shares during the last quarter. Finally, Florida Trust Wealth Management Co bought a new position in shares of Hubbell during the 3rd quarter valued at approximately $204,000. 88.16% of the stock is currently owned by institutional investors.

Insider Transactions at Hubbell

In other Hubbell news, insider Alyssa R. Flynn sold 2,011 shares of Hubbell 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 completion of the transaction, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John F. Malloy purchased 435 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of $429.24 per share, with a total value of $186,719.40. Following the purchase, the director owned 19,085 shares in the company, valued at $8,192,045.40. This represents a 2.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a report on Friday, December 12th. Wall Street Zen downgraded shares of Hubbell from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 29th. Morgan Stanley set a $515.00 price target on shares of Hubbell in a report on Wednesday, January 7th. Mizuho upped their target price on Hubbell from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Finally, Wells Fargo & Company upped their price objective on Hubbell from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and an average target price of $497.25.

Hubbell Trading Down 3.3%

NYSE:HUBB opened at $473.11 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 0.28. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $497.95. The company has a market capitalization of $25.15 billion, a P/E ratio of 29.35, a PEG ratio of 2.48 and a beta of 1.02. The firm has a fifty day simple moving average of $447.59 and a 200-day simple moving average of $438.66.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.19. The company 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%. Hubbell’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.49 EPS. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. On average, equities research analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Increases Dividend

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

About Hubbell

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.