International Assets Investment Management LLC Has $1.48 Million Stock Position in Hubbell Inc $HUBB

International Assets Investment Management LLC decreased its stake in shares of Hubbell Inc (NYSE:HUBB) by 16.6% during the 2nd quarter, Holdings Channel reports. The firm owned 3,615 shares of the industrial products company’s stock after selling 721 shares during the period. International Assets Investment Management LLC’s holdings in Hubbell were worth $1,476,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Empirical Asset Management LLC acquired a new position in shares of Hubbell during the 2nd quarter worth approximately $576,000. Stableford Capital II LLC acquired a new position in shares of Hubbell during the 2nd quarter worth approximately $1,369,000. JGP Wealth Management LLC increased its position in shares of Hubbell by 2.3% during the 2nd quarter. JGP Wealth Management LLC now owns 2,227 shares of the industrial products company’s stock worth $910,000 after purchasing an additional 50 shares during the last quarter. Boston Trust Walden Corp increased its position in shares of Hubbell by 22.5% during the 2nd quarter. Boston Trust Walden Corp now owns 368,660 shares of the industrial products company’s stock worth $150,565,000 after purchasing an additional 67,686 shares during the last quarter. Finally, TD Asset Management Inc increased its position in shares of Hubbell by 5.8% during the 2nd quarter. TD Asset Management Inc now owns 23,438 shares of the industrial products company’s stock worth $9,572,000 after purchasing an additional 1,287 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HUBB. Wells Fargo & Company raised Hubbell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $445.00 to $490.00 in a report on Tuesday, September 2nd. Barclays boosted their target price on Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Wall Street Zen raised Hubbell from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. Finally, Stephens reissued an “overweight” rating and set a $500.00 target price on shares of Hubbell in a report on Thursday, September 11th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $476.50.

Hubbell Stock Performance

HUBB opened at $426.44 on Monday. The business has a fifty day simple moving average of $431.33 and a 200 day simple moving average of $403.28. The company has a market capitalization of $22.66 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $481.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 29th. Hubbell’s dividend payout ratio is presently 34.29%.

Hubbell 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.