Hubbell Inc $HUBB Shares Acquired by Tema Etfs LLC

Tema Etfs LLC grew its position in shares of Hubbell Inc (NYSE:HUBB) by 28.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,385 shares of the industrial products company’s stock after purchasing an additional 2,933 shares during the quarter. Tema Etfs LLC’s holdings in Hubbell were worth $5,760,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Hubbell by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock worth $2,714,669,000 after acquiring an additional 21,508 shares during the period. State Street Corp increased its stake in shares of Hubbell by 1.2% in the 2nd quarter. State Street Corp now owns 2,183,405 shares of the industrial products company’s stock valued at $891,724,000 after purchasing an additional 26,708 shares in the last quarter. Invesco Ltd. increased its stake in shares of Hubbell by 0.6% in the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after purchasing an additional 9,697 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hubbell by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,353,824 shares of the industrial products company’s stock worth $550,571,000 after purchasing an additional 24,110 shares during the period. Finally, Impax Asset Management Group plc boosted its position in Hubbell by 9.5% during the second quarter. Impax Asset Management Group plc now owns 1,006,783 shares of the industrial products company’s stock worth $409,363,000 after purchasing an additional 87,627 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hubbell news, insider Alyssa R. Flynn sold 2,011 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $470.32, for a total value of $945,813.52. Following the transaction, the insider directly owned 3,243 shares of the company’s stock, valued at $1,525,247.76. This trade represents a 38.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John F. Malloy purchased 435 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was bought at an average price of $429.24 per share, with a total value of $186,719.40. Following the completion of the transaction, the director directly owned 19,085 shares of the company’s stock, valued at approximately $8,192,045.40. This represents a 2.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.66% of the company’s stock.

Hubbell Trading Up 2.3%

Shares of HUBB stock opened at $471.30 on Monday. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $484.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 1.36. The stock’s fifty day moving average is $444.88 and its two-hundred day moving average is $435.22. The firm has a market capitalization of $25.05 billion, a P/E ratio of 29.24, a PEG ratio of 2.39 and a beta of 1.02.

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

Hubbell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, November 28th. This is a positive change from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s payout ratio is currently 35.24%.

Wall Street Analysts Forecast Growth

HUBB has been the subject of a number of recent analyst reports. Barclays boosted their price objective on Hubbell from $456.00 to $465.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group reissued a “neutral” rating and issued a $450.00 price target on shares of Hubbell in a research note on Friday, December 12th. Wells Fargo & Company upped their price objective on shares of Hubbell from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. Finally, Evercore ISI started coverage on shares of Hubbell in a research note on Monday, December 15th. They set an “outperform” rating and a $575.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $497.25.

Hubbell Company Profile

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.