Hubbell Inc $HUBB Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. trimmed its position in Hubbell Inc (NYSE:HUBB) by 53.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,370 shares of the industrial products company’s stock after selling 53,530 shares during the period. LGT Capital Partners LTD.’s holdings in Hubbell were worth $19,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DB Fitzpatrick & Co Inc grew its stake in Hubbell by 0.6% during 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 purchasing an additional 26 shares during the last quarter. Chicago Capital LLC lifted its holdings in shares of Hubbell by 0.5% during the second quarter. Chicago Capital LLC now owns 6,131 shares of the industrial products company’s stock worth $2,504,000 after purchasing an additional 29 shares during the period. Klingman & Associates LLC boosted its position in 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 buying an additional 29 shares during the last quarter. Bordeaux Wealth Advisors LLC increased its holdings in 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 buying an additional 30 shares during the period. Finally, Montag A & Associates Inc. raised its position in Hubbell by 1.9% during the 2nd quarter. Montag A & Associates Inc. now owns 1,630 shares of the industrial products company’s stock worth $666,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analysts Set New Price Targets

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

Hubbell Stock Down 1.3%

HUBB opened at $431.97 on Friday. 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 0.76 and a current ratio of 1.36. The company has a fifty day moving average of $437.81 and a two-hundred day moving average of $418.10. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.60 and a beta of 1.00.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (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 business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company posted $4.49 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. On average, research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, November 28th. This is an increase from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 1.3%. Hubbell’s dividend payout ratio is 35.24%.

Insider Activity at Hubbell

In other news, insider Alyssa R. Flynn sold 2,011 shares of the company’s 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 transaction, the insider directly owned 3,243 shares of the company’s stock, valued at $1,525,247.76. This represents a 38.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Eugene Mikes sold 2,470 shares of Hubbell stock in a transaction on 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 completion of the sale, the insider directly owned 4,785 shares in the company, valued at $2,232,202.50. This represents a 34.05% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.66% of the company’s stock.

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.