582 Shares in Hubbell Inc $HUBB Bought by North Forty Two & Co.

North Forty Two & Co. purchased a new stake in shares of Hubbell Inc (NYSE:HUBB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 582 shares of the industrial products company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. DB Fitzpatrick & Co Inc lifted its holdings in shares of Hubbell by 0.6% in the 2nd 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 last quarter. Chicago Capital LLC lifted its stake in shares of Hubbell by 0.5% in the 2nd 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 last quarter. Klingman & Associates LLC lifted its stake in shares of Hubbell by 1.2% in the 2nd 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 last quarter. Bordeaux Wealth Advisors LLC boosted its holdings in shares of Hubbell by 5.0% in the 2nd quarter. Bordeaux Wealth Advisors LLC now owns 635 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 30 shares during the period. Finally, Montag A & Associates Inc. increased its position in shares of Hubbell by 1.9% during the 2nd quarter. Montag A & Associates Inc. now owns 1,630 shares of the industrial products company’s stock valued at $666,000 after purchasing an additional 30 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on HUBB shares. Mizuho increased their price objective on Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Wall Street Zen raised Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 2nd. Stephens restated an “overweight” rating and issued a $500.00 price objective on shares of Hubbell in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company raised their target price on shares of Hubbell from $490.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and a consensus price target of $477.83.

Insider Transactions at Hubbell

In other news, insider Mark Eugene Mikes sold 2,470 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $466.50, for a total transaction of $1,152,255.00. Following the transaction, the insider owned 4,785 shares in the company, valued at $2,232,202.50. This represents a 34.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alyssa R. Flynn sold 2,011 shares of Hubbell stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $470.32, for a total transaction of $945,813.52. Following the completion of the sale, the insider owned 3,243 shares of the company’s stock, valued at $1,525,247.76. This trade represents a 38.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.66% of the company’s stock.

Hubbell Stock Performance

Shares of Hubbell stock opened at $417.38 on Wednesday. Hubbell Inc has a one year low of $299.42 and a one year high of $484.26. The company has a market capitalization of $22.18 billion, a PE ratio of 25.89, a P/E/G ratio of 2.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.36. The company has a 50-day simple moving average of $437.10 and a two-hundred day simple moving average of $419.89.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 EPS for the quarter, topping the consensus estimate of $4.98 by $0.19. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business posted $4.49 EPS. Hubbell’s revenue was up 4.1% on a year-over-year basis. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Research analysts expect that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.4%. This is a boost from Hubbell’s previous quarterly dividend of $1.32. The ex-dividend date is Friday, November 28th. Hubbell’s dividend payout ratio (DPR) is 35.24%.

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.