Delta Investment Management LLC Has $353,000 Stake in Hubbell Inc $HUBB

Delta Investment Management LLC decreased its position in shares of Hubbell Inc (NYSE:HUBB) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 865 shares of the industrial products company’s stock after selling 58 shares during the period. Delta Investment Management LLC’s holdings in Hubbell were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. McKinley Carter Wealth Services Inc. increased its holdings in shares of Hubbell by 16.7% during the second quarter. McKinley Carter Wealth Services Inc. now owns 19,829 shares of the industrial products company’s stock worth $8,098,000 after buying an additional 2,843 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Hubbell during the second quarter worth approximately $320,000. Venturi Wealth Management LLC acquired a new stake in shares of Hubbell during the second quarter worth approximately $490,000. Teacher Retirement System of Texas increased its holdings in shares of Hubbell by 1,462.9% during the first quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company’s stock worth $2,596,000 after buying an additional 7,344 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Hubbell during the first quarter worth approximately $1,423,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

HUBB opened at $435.02 on Monday. The company has a fifty day moving average price of $431.29 and a two-hundred day moving average price of $407.04. 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 52 week low of $299.42 and a 52 week high of $481.35. The firm 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 released its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.68 dividend on an annualized basis and a yield of 1.3%. This is a boost from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analysts Forecast Growth

HUBB has been the subject of several recent analyst reports. Mizuho raised their price objective on shares of Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Wells Fargo & Company raised shares of Hubbell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Barclays increased their price target on shares of Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research note on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.