Boston Common Asset Management LLC Raises Holdings in Hubbell Inc $HUBB

Boston Common Asset Management LLC boosted its stake in shares of Hubbell Inc (NYSE:HUBB) by 125.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,843 shares of the industrial products company’s stock after buying an additional 30,498 shares during the period. Boston Common Asset Management LLC owned 0.10% of Hubbell worth $23,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of Hubbell by 171.9% during the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 1,518 shares during the last quarter. Empowered Funds LLC raised its holdings in Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 196 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after buying an additional 155 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Hubbell in the 1st quarter valued at about $599,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Hubbell by 99.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,988 shares of the industrial products company’s stock valued at $4,559,000 after buying an additional 5,490 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Trading Up 1.9%

Shares of NYSE:HUBB opened at $481.60 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $497.95. The stock has a market cap of $25.60 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 2.40 and a beta of 1.02. The business has a 50-day moving average price of $448.17 and a 200-day moving average price of $438.97.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm earned $4.49 earnings per share. Hubbell’s revenue for the quarter was up 4.1% on a year-over-year basis. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Equities analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Wall Street Analyst Weigh In

HUBB has been the subject of several recent analyst reports. UBS Group reiterated a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Morgan Stanley set a $515.00 price target on Hubbell in a research report on Wednesday, January 7th. Barclays raised their price objective on Hubbell from $456.00 to $465.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Wells Fargo & Company boosted their target price on Hubbell from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. upped their target price on Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $497.25.

Insider Transactions at Hubbell

In other Hubbell news, Director John F. Malloy bought 435 shares of Hubbell stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price 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 in the company, valued at approximately $8,192,045.40. This trade represents a 2.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alyssa R. Flynn sold 2,011 shares of the company’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 sale, the insider directly owned 3,243 shares in the company, 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 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.