566 Shares in Hubbell Inc $HUBB Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 566 shares of the industrial products company’s stock, valued at approximately $231,000.

Other large investors have also made changes to their positions in the company. McKinley Carter Wealth Services Inc. lifted its position in Hubbell by 16.7% during the second quarter. McKinley Carter Wealth Services Inc. now owns 19,829 shares of the industrial products company’s stock valued at $8,098,000 after purchasing an additional 2,843 shares during the period. Belpointe Asset Management LLC purchased a new position in shares of Hubbell during the 2nd quarter valued at about $320,000. Venturi Wealth Management LLC purchased a new position in shares of Hubbell during the 2nd quarter valued at about $490,000. Teacher Retirement System of Texas lifted its holdings in shares of Hubbell by 1,462.9% in the 1st quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company’s stock valued at $2,596,000 after buying an additional 7,344 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Hubbell in the first quarter worth about $1,423,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Hubbell Price Performance

Hubbell stock opened at $426.44 on Friday. The stock has a market capitalization of $22.66 billion, a P/E ratio of 27.69, a P/E/G ratio of 2.38 and a beta of 0.96. The company’s fifty day moving average price is $431.33 and its 200 day moving average price is $402.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $481.35.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. 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 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 29th. Hubbell’s payout ratio is presently 34.29%.

Hubbell Company 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.