Trillium Asset Management LLC Takes Position in Hubbell Inc $HUBB

Trillium Asset Management LLC acquired a new position in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 600 shares of the industrial products company’s stock, valued at approximately $245,000.

Other large investors have also bought and sold shares of the company. Private Trust Co. NA lifted its holdings in shares of Hubbell by 60.4% in the first quarter. Private Trust Co. NA now owns 292 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 110 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Hubbell by 1,462.9% during the 1st quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company’s stock valued at $2,596,000 after purchasing an additional 7,344 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Hubbell by 101.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 4,417 shares of the industrial products company’s stock valued at $1,462,000 after acquiring an additional 2,226 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in Hubbell by 29.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 1,578 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 360 shares in the last quarter. Finally, Regents Gate Capital LLP acquired a new stake in shares of Hubbell during the first quarter valued at about $1,616,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HUBB. Mizuho upped their price objective on Hubbell from $475.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Wall Street Zen upgraded Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Stephens reissued an “overweight” rating and set a $500.00 target price on shares of Hubbell in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their target price on shares of Hubbell from $490.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $477.83.

Insider Buying and Selling

In other Hubbell news, insider Alyssa R. Flynn sold 2,011 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $470.32, for a total transaction of $945,813.52. Following the completion of the sale, the insider directly owned 3,243 shares of the company’s stock, valued at approximately $1,525,247.76. The trade was a 38.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Hubbell Price Performance

Shares of NYSE HUBB opened at $468.04 on Thursday. Hubbell Inc has a 1-year low of $299.42 and a 1-year high of $484.26. The firm has a market capitalization of $24.87 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.60 and a beta of 1.00. The firm’s 50-day moving average price is $435.44 and its 200-day moving average price is $413.60. The company has a current ratio of 1.36, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.19. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business earned $4.49 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Equities research analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $1.42 dividend. The ex-dividend date is Friday, November 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s dividend payout ratio (DPR) is currently 35.24%.

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.