Calamos Wealth Management LLC Sells 110 Shares of Hubbell Inc $HUBB

Calamos Wealth Management LLC lessened its holdings in Hubbell Inc (NYSE:HUBB) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,497 shares of the industrial products company’s stock after selling 110 shares during the quarter. Calamos Wealth Management LLC’s holdings in Hubbell were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. DB Fitzpatrick & Co Inc boosted its position in shares of Hubbell by 0.6% in the second quarter. DB Fitzpatrick & Co Inc now owns 4,349 shares of the industrial products company’s stock valued at $1,776,000 after acquiring an additional 26 shares during the period. Chicago Capital LLC boosted its position in shares of Hubbell by 0.5% in the second quarter. Chicago Capital LLC now owns 6,131 shares of the industrial products company’s stock valued at $2,504,000 after acquiring an additional 29 shares during the period. Greenleaf Trust lifted its position in Hubbell by 4.0% during the second quarter. Greenleaf Trust now owns 801 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 31 shares during the period. Capital Investment Advisors LLC lifted its position in Hubbell by 4.3% during the second quarter. Capital Investment Advisors LLC now owns 866 shares of the industrial products company’s stock worth $354,000 after purchasing an additional 36 shares during the period. Finally, Horizon Investments LLC lifted its position in Hubbell by 5.0% during the first quarter. Horizon Investments LLC now owns 770 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 37 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Down 0.6%

HUBB stock opened at $426.44 on Monday. The stock has a market capitalization of $22.66 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. 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 50-day moving average price of $431.33 and a 200-day moving average price of $403.28.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS 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. As a group, equities research analysts anticipate that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The company 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 of this dividend was Friday, August 29th. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is currently 34.29%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HUBB shares. Mizuho upped their price objective on shares of Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday. Stephens reaffirmed an “overweight” rating and set a $500.00 price objective on shares of Hubbell in a research report on Thursday, September 11th. Wall Street Zen raised shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Wells Fargo & Company raised shares of Hubbell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $476.50.

Hubbell 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.