Commerzbank Aktiengesellschaft FI Invests $208,000 in Hubbell Inc $HUBB

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 508 shares of the industrial products company’s stock, valued at approximately $208,000.

Other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in shares of Hubbell during the second quarter valued at $29,000. Tsfg LLC bought a new stake in Hubbell in the 1st quarter valued at about $30,000. CX Institutional acquired a new position in Hubbell during the 1st quarter valued at about $49,000. Ransom Advisory Ltd bought a new position in Hubbell in the 1st quarter worth about $53,000. Finally, Groupe la Francaise acquired a new stake in shares of Hubbell in the first quarter valued at approximately $57,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBB has been the subject of a number of recent analyst reports. Wells Fargo & Company raised Hubbell from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $445.00 to $490.00 in a report on Tuesday, September 2nd. Stephens reissued an “overweight” rating and set a $500.00 price target on shares of Hubbell in a report on Thursday, September 11th. Barclays lifted their price objective 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $472.63.

Hubbell Trading Down 2.5%

Shares of HUBB stock opened at $408.50 on Friday. The stock has a 50-day simple moving average of $430.98 and a 200 day simple moving average of $399.54. The stock has a market capitalization of $21.71 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.28 and a beta of 0.96. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two 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.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. On average, sell-side analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued 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 1.3%. Hubbell’s dividend payout ratio is currently 34.29%.

About Hubbell

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.