KPP Advisory Services LLC Makes New Investment in Hubbell Inc $HUBB

KPP Advisory Services LLC bought a new stake in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 525 shares of the industrial products company’s stock, valued at approximately $214,000.

Several other large investors have also recently made changes to their positions in HUBB. Nuveen LLC purchased a new position in shares of Hubbell during the first quarter valued at approximately $213,283,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Hubbell by 181.6% during 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. Mirova US LLC purchased a new position in shares of Hubbell during the second quarter valued at approximately $139,386,000. Deutsche Bank AG lifted its holdings in shares of Hubbell by 35.1% during 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. Finally, Parnassus Investments LLC purchased a new position in shares of Hubbell during the first quarter valued at approximately $57,432,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Price Performance

Shares of HUBB opened at $432.64 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $481.35. The company has a market capitalization of $22.99 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The firm has a 50 day moving average of $431.14 and a 200 day moving average of $405.24.

Hubbell (NYSE:HUBB) last posted 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 business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, equities research analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Mizuho raised their price target on shares of Hubbell from $475.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Barclays raised their price target on shares of Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.