Alpine Woods Capital Investors LLC Cuts Stake in Hubbell Inc $HUBB

Alpine Woods Capital Investors LLC reduced its holdings in shares of Hubbell Inc (NYSE:HUBB) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 750 shares of the industrial products company’s stock after selling 31 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Hubbell were worth $306,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Hubbell by 360.0% during the 1st quarter. Farther Finance Advisors LLC now owns 460 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 360 shares in the last quarter. GAMMA Investing LLC grew its holdings in Hubbell by 58.7% during the 1st quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 215 shares in the last quarter. SG Americas Securities LLC grew its holdings in Hubbell by 58.9% during the 1st quarter. SG Americas Securities LLC now owns 2,134 shares of the industrial products company’s stock worth $706,000 after acquiring an additional 791 shares in the last quarter. CX Institutional acquired a new position in Hubbell during the 1st quarter worth approximately $49,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Hubbell by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,498 shares of the industrial products company’s stock worth $1,820,000 after acquiring an additional 198 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on HUBB shares. Stephens reiterated an “overweight” rating and set a $500.00 price target 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 report on Saturday. Barclays upped their target price on shares of Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Wells Fargo & Company upgraded shares of Hubbell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $472.63.

Hubbell Stock Up 2.4%

Shares of NYSE:HUBB opened at $418.28 on Tuesday. The stock has a market cap of $22.23 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.28 and a beta of 0.96. The firm has a fifty day moving average price of $430.75 and a 200 day moving average price of $400.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. Hubbell Inc has a 1-year low of $299.42 and a 1-year high of $481.35.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, topping analysts’ consensus estimates of $4.36 by $0.57. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Sell-side analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $1.32 per share. The ex-dividend date was Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a yield of 1.3%. Hubbell’s dividend payout ratio is presently 34.29%.

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.