Hubbell Inc $HUBB Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its holdings in Hubbell Inc (NYSE:HUBB) by 110.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,517 shares of the industrial products company’s stock after purchasing an additional 15,986 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Hubbell were worth $10,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HUBB. Tsfg LLC bought a new stake in shares of Hubbell in the 1st quarter worth approximately $30,000. Johnson Financial Group Inc. raised its holdings in shares of Hubbell by 166.7% in the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 65 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Hubbell in the 1st quarter worth approximately $49,000. CX Institutional acquired a new stake in shares of Hubbell during the first quarter valued at approximately $49,000. Finally, Groupe la Francaise acquired a new stake in shares of Hubbell during the first quarter valued at approximately $57,000. 88.16% of the stock is currently owned by institutional investors.

Hubbell Stock Performance

Shares of HUBB opened at $446.73 on Thursday. The company’s 50 day moving average price is $423.45 and its 200 day moving average price is $384.30. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $481.35. The company has a market capitalization of $23.74 billion, a PE ratio of 29.01, a PEG ratio of 2.48 and a beta of 0.99. 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 (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating 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 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. Research analysts expect that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Hubbell’s payout ratio is currently 34.29%.

Wall Street Analyst Weigh In

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

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.