Union Bancaire Privee UBP SA Has $2.01 Million Stock Holdings in Hubbell Inc $HUBB

Union Bancaire Privee UBP SA lowered its stake in Hubbell Inc (NYSE:HUBB) by 28.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,726 shares of the industrial products company’s stock after selling 1,836 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Hubbell were worth $2,010,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Hubbell by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock valued at $2,714,669,000 after purchasing an additional 21,508 shares during the last quarter. State Street Corp grew its position in shares of Hubbell by 1.2% during the 2nd quarter. State Street Corp now owns 2,183,405 shares of the industrial products company’s stock worth $891,724,000 after buying an additional 26,708 shares during the period. Invesco Ltd. increased its stake in shares of Hubbell by 0.6% in the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after acquiring an additional 9,697 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Hubbell by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,353,824 shares of the industrial products company’s stock valued at $550,571,000 after acquiring an additional 24,110 shares during the period. Finally, Impax Asset Management Group plc raised its position in shares of Hubbell by 9.5% in the 2nd quarter. Impax Asset Management Group plc now owns 1,006,783 shares of the industrial products company’s stock valued at $409,363,000 after acquiring an additional 87,627 shares during the period. 88.16% of the stock is currently owned by institutional investors.

Hubbell Stock Performance

HUBB opened at $429.17 on Thursday. The company has a market capitalization of $22.81 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 2.41 and a beta of 1.01. The business’s 50-day moving average price is $438.46 and its two-hundred day moving average price is $427.42. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $484.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.85.

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

Hubbell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Hubbell’s previous quarterly dividend of $1.32. The ex-dividend date was Friday, November 28th. Hubbell’s dividend payout ratio is 35.24%.

Analyst Upgrades and Downgrades

HUBB has been the subject of several recent analyst reports. Stephens reaffirmed an “overweight” rating and issued a $500.00 target price on shares of Hubbell in a research note on Thursday, September 11th. Barclays boosted their price target on shares of Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Wells Fargo & Company increased their price target on Hubbell from $490.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a research report on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $488.43.

Insider Transactions at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 2,470 shares of Hubbell stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $466.50, for a total value of $1,152,255.00. Following the sale, the insider directly owned 4,785 shares in the company, valued at approximately $2,232,202.50. The trade was a 34.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alyssa R. Flynn sold 2,011 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $470.32, for a total transaction of $945,813.52. Following the sale, the insider directly owned 3,243 shares in the company, valued at $1,525,247.76. This trade represents a 38.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.66% of the stock is currently owned by insiders.

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.