Boston Trust Walden Corp Has $150.57 Million Holdings in Hubbell Inc $HUBB

Boston Trust Walden Corp raised its position in Hubbell Inc (NYSE:HUBB) by 22.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 368,660 shares of the industrial products company’s stock after purchasing an additional 67,686 shares during the quarter. Hubbell accounts for about 1.1% of Boston Trust Walden Corp’s holdings, making the stock its 14th biggest holding. Boston Trust Walden Corp owned about 0.69% of Hubbell worth $150,565,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Hubbell by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 2,833,469 shares of the industrial products company’s stock valued at $937,623,000 after purchasing an additional 7,142 shares during the last quarter. Invesco Ltd. raised its position in Hubbell by 2.1% in the first quarter. Invesco Ltd. now owns 1,522,338 shares of the industrial products company’s stock valued at $503,757,000 after purchasing an additional 31,859 shares during the last quarter. Deutsche Bank AG raised its position in Hubbell by 35.1% in the first quarter. Deutsche Bank AG now owns 1,104,085 shares of the industrial products company’s stock valued at $365,353,000 after purchasing an additional 287,047 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Hubbell by 181.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 975,196 shares of the industrial products company’s stock valued at $322,702,000 after purchasing an additional 628,886 shares during the last quarter. Finally, Nuveen LLC bought a new position in Hubbell in the first quarter valued at about $213,283,000. 88.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays increased their target price on Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Wall Street Zen upgraded Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Wells Fargo & Company upgraded 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. Stephens restated an “overweight” rating and set a $500.00 price objective on shares of Hubbell in a research report on Thursday, September 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $472.63.

Hubbell Trading Up 2.4%

Shares of HUBB stock opened at $418.28 on Tuesday. The company has a market cap of $22.23 billion, a P/E ratio of 27.16, a PEG ratio of 2.28 and a beta of 0.96. The stock has a 50 day simple moving average of $430.75 and a two-hundred day simple moving average of $400.55. 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 fifty-two week low of $299.42 and a fifty-two week high of $481.35.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, topping analysts’ consensus estimates of $4.36 by $0.57. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate 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. Research analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 1.3%. 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.