Erste Asset Management GmbH Increases Position in Hubbell Inc $HUBB

Erste Asset Management GmbH lifted its holdings in shares of Hubbell Inc (NYSE:HUBB) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,281 shares of the industrial products company’s stock after acquiring an additional 76 shares during the quarter. Erste Asset Management GmbH’s holdings in Hubbell were worth $6,411,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of HUBB. Tsfg LLC purchased a new stake in shares of Hubbell during the first quarter worth about $30,000. Johnson Financial Group Inc. increased its position in shares of Hubbell by 166.7% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 65 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Hubbell during the first quarter worth about $49,000. CX Institutional purchased a new stake in shares of Hubbell during the first quarter worth about $49,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Hubbell during the first quarter worth about $66,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on Hubbell from $420.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Barclays boosted their price objective on Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Hubbell from $352.00 to $417.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Hubbell has an average rating of “Hold” and an average price target of $462.29.

Hubbell Stock Down 0.6%

NYSE:HUBB opened at $430.0640 on Thursday. The firm has a market capitalization of $22.85 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. The stock has a 50 day moving average of $418.63 and a 200-day moving average of $382.99. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $481.35. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating the consensus estimate of $4.36 by $0.57. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Hubbell had a return on equity of 27.63% and a net margin of 14.76%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.32 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is 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.