Birch Hill Investment Advisors LLC Buys Shares of 515 Hubbell Inc $HUBB

Birch Hill Investment Advisors LLC purchased a new stake in Hubbell Inc (NYSE:HUBB) in the second quarter, Holdings Channel reports. The firm purchased 515 shares of the industrial products company’s stock, valued at approximately $210,000.

A number of other large investors have also recently modified their holdings of the company. DB Fitzpatrick & Co Inc boosted its holdings 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 purchasing an additional 26 shares during the period. Chicago Capital LLC boosted its holdings 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 purchasing an additional 29 shares during the period. Klingman & Associates LLC boosted its holdings in shares of Hubbell by 1.2% in the second quarter. Klingman & Associates LLC now owns 2,496 shares of the industrial products company’s stock valued at $1,019,000 after purchasing an additional 29 shares during the period. Greenleaf Trust boosted its holdings in shares of Hubbell by 4.0% in the second quarter. Greenleaf Trust now owns 801 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 31 shares during the period. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Hubbell by 4.3% in the second quarter. Capital Investment Advisors LLC now owns 866 shares of the industrial products company’s stock valued at $354,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Stephens reiterated an “overweight” rating and issued a $500.00 price target on shares of Hubbell in a report on Thursday, September 11th. Wall Street Zen upgraded Hubbell from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company raised 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. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $476.50.

Hubbell Stock Performance

Shares of NYSE:HUBB opened at $422.50 on Thursday. The company has a market capitalization of $22.45 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $481.35. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $431.25 and a 200 day moving average of $404.43.

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, topping analysts’ consensus estimates of $4.36 by $0.57. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. Hubbell had a return on equity of 27.63% and a net margin of 14.76%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. On average, sell-side analysts predict that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $1.32 per share. The ex-dividend date of this dividend 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 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.