Guinness Atkinson Asset Management Inc Has $906,000 Holdings in Hubbell Inc $HUBB

Guinness Atkinson Asset Management Inc trimmed its position in shares of Hubbell Inc (NYSE:HUBB) by 9.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,219 shares of the industrial products company’s stock after selling 227 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Hubbell were worth $906,000 as of its most recent filing with the Securities and Exchange Commission.

A number of 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 2nd quarter worth about $29,000. Cullen Frost Bankers Inc. grew its holdings in Hubbell by 400.0% during the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 68 shares during the period. Tsfg LLC acquired a new position in Hubbell during the first quarter worth approximately $30,000. Ransom Advisory Ltd bought a new stake in Hubbell in the 1st quarter valued at $53,000. Finally, Groupe la Francaise bought a new stake in Hubbell in the 1st quarter valued at $57,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Up 0.4%

Shares of HUBB opened at $435.02 on Monday. 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 Inc has a 12 month low of $299.42 and a 12 month high of $481.35. The firm’s 50 day moving average is $431.29 and its 200-day moving average is $407.04. The stock has a market capitalization of $23.12 billion, a PE ratio of 28.25, a P/E/G ratio of 2.42 and a beta of 0.96.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.36 by $0.57. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.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. Equities research analysts forecast that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a $1.42 dividend. The ex-dividend date is Friday, November 28th. This is an increase from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.3%. Hubbell’s dividend payout ratio (DPR) is 34.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Hubbell from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Saturday. Wells Fargo & Company upgraded shares of Hubbell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Mizuho upped their target price on Hubbell from $475.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Barclays lifted their price target on Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Five 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $476.50.

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.