Atria Wealth Solutions Inc. Increases Stock Position in Hubbell Inc $HUBB

Atria Wealth Solutions Inc. lifted its holdings in Hubbell Inc (NYSE:HUBB) by 8.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,926 shares of the industrial products company’s stock after acquiring an additional 142 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Hubbell were worth $787,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HUBB. DB Fitzpatrick & Co Inc raised its stake in shares of Hubbell by 0.6% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 4,349 shares of the industrial products company’s stock worth $1,776,000 after acquiring an additional 26 shares in the last quarter. Chicago Capital LLC raised its stake in shares of Hubbell by 0.5% during the 2nd quarter. Chicago Capital LLC now owns 6,131 shares of the industrial products company’s stock worth $2,504,000 after acquiring an additional 29 shares in the last quarter. Greenleaf Trust raised its stake in shares of Hubbell by 4.0% during the 2nd quarter. Greenleaf Trust now owns 801 shares of the industrial products company’s stock worth $327,000 after acquiring an additional 31 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of Hubbell by 4.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 866 shares of the industrial products company’s stock worth $354,000 after acquiring an additional 36 shares in the last quarter. Finally, Horizon Investments LLC raised its stake in shares of Hubbell by 5.0% during the 1st quarter. Horizon Investments LLC now owns 770 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

HUBB has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday, October 8th. Stephens reiterated an “overweight” rating and set a $500.00 price objective on shares of Hubbell in a research note on Thursday, September 11th. Wells Fargo & Company upgraded shares of Hubbell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Finally, Barclays upped their price target on shares of Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and an average target price of $476.50.

Hubbell Trading Down 0.6%

Shares of Hubbell stock opened at $426.44 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $481.35. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 2.38 and a beta of 0.96. The firm’s 50 day simple moving average is $431.33 and its two-hundred day simple moving average is $402.71.

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

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $1.32 dividend. The ex-dividend date was Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is presently 34.29%.

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.