Tema Etfs LLC Increases Stock Position in Hubbell Inc $HUBB

Tema Etfs LLC grew its holdings in shares of Hubbell Inc (NYSE:HUBB) by 34.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,452 shares of the industrial products company’s stock after buying an additional 2,703 shares during the period. Hubbell accounts for approximately 1.1% of Tema Etfs LLC’s holdings, making the stock its 27th biggest position. Tema Etfs LLC’s holdings in Hubbell were worth $4,269,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC purchased a new position in Hubbell during the 1st quarter valued at about $213,283,000. Adage Capital Partners GP L.L.C. increased its stake 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 in the last quarter. Boston Partners purchased a new position in shares of Hubbell during the second quarter valued at approximately $230,691,000. Mirova US LLC bought a new stake in shares of Hubbell in the 2nd quarter worth approximately $139,386,000. Finally, Deutsche Bank AG grew its stake in shares of Hubbell by 35.1% in the 1st quarter. Deutsche Bank AG now owns 1,104,085 shares of the industrial products company’s stock worth $365,353,000 after buying an additional 287,047 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of recent research reports. UBS Group initiated coverage on Hubbell in a research note on Thursday, November 20th. They set a “neutral” rating and a $450.00 price objective for the company. Barclays raised their price target on Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Mizuho lifted their price target on Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen upgraded shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $474.00.

Insider Transactions at Hubbell

In other news, insider Alyssa R. Flynn sold 2,011 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $470.32, for a total transaction of $945,813.52. Following the completion of the transaction, the insider directly owned 3,243 shares of the company’s stock, valued at $1,525,247.76. The trade was a 38.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John F. Malloy acquired 435 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of $429.24 per share, for a total transaction of $186,719.40. Following the transaction, the director owned 19,085 shares of the company’s stock, valued at $8,192,045.40. This trade represents a 2.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.66% of the company’s stock.

Hubbell Stock Up 2.0%

HUBB stock opened at $437.87 on Friday. Hubbell Inc has a 1-year low of $299.42 and a 1-year high of $484.26. The business has a fifty day moving average price of $434.51 and a 200-day moving average price of $423.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.85. The stock has a market capitalization of $23.27 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.36 and a beta of 1.01.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm posted $4.49 earnings per share. Hubbell’s revenue 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 forecast that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $1.42 dividend. This is a boost from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 28th. Hubbell’s dividend payout ratio (DPR) is presently 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.