1,100 Shares in Hubbell Inc $HUBB Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Hubbell Inc (NYSE:HUBB) in the second quarter, HoldingsChannel.com reports. The firm bought 1,100 shares of the industrial products company’s stock, valued at approximately $449,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. McKinley Carter Wealth Services Inc. raised its stake in Hubbell by 16.7% in 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 buying an additional 2,843 shares during the period. Belpointe Asset Management LLC bought a new position in shares of Hubbell during the 2nd quarter worth approximately $320,000. Venturi Wealth Management LLC acquired a new position in shares of Hubbell during the 2nd quarter worth approximately $490,000. Zurich Insurance Group Ltd FI bought a new stake in Hubbell in the 1st quarter valued at $1,423,000. Finally, Beacon Financial Group bought a new stake in Hubbell in the 2nd quarter valued at $262,000. Institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the topic of several research analyst reports. Barclays increased their price objective on shares of Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Mizuho increased their target price on Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. UBS Group began coverage on Hubbell in a research note on Thursday, November 20th. They issued a “neutral” rating and a $450.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $474.00.

Insider Activity

In related news, Director John F. Malloy purchased 435 shares of Hubbell stock in a transaction dated Monday, November 17th. The shares were bought at an average cost of $429.24 per share, for a total transaction of $186,719.40. Following the purchase, the director owned 19,085 shares in the company, valued at approximately $8,192,045.40. This trade represents a 2.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Eugene Mikes sold 2,470 shares of Hubbell stock in a transaction that occurred 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 sale, the insider directly owned 4,785 shares in the company, valued at $2,232,202.50. This trade represents a 34.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.66% of the company’s stock.

Hubbell Stock Down 0.3%

Shares of NYSE HUBB opened at $428.58 on Thursday. The stock has a market capitalization of $22.78 billion, a P/E ratio of 26.59, a PEG ratio of 2.60 and a beta of 1.00. The stock’s fifty day moving average is $434.98 and its 200 day moving average is $422.30. Hubbell Inc has a 52 week low of $299.42 and a 52 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.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.19. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the company posted $4.49 earnings per share. The business’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. Sell-side analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $1.42 per share. 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%. The ex-dividend date is Friday, November 28th. Hubbell’s dividend payout ratio (DPR) is presently 35.24%.

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.