Tred Avon Family Wealth LLC Makes New Investment in Hubbell Inc $HUBB

Tred Avon Family Wealth LLC bought a new stake in Hubbell Inc (NYSE:HUBB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,658 shares of the industrial products company’s stock, valued at approximately $713,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in Hubbell by 171.9% during the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,518 shares during the last quarter. Empowered Funds LLC grew its stake in Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after buying an additional 196 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 155 shares during the period. Acadian Asset Management LLC acquired a new stake in Hubbell during the first quarter worth approximately $599,000. Finally, Parallel Advisors LLC grew its position in shares of Hubbell by 37.0% in the second quarter. Parallel Advisors LLC now owns 667 shares of the industrial products company’s stock valued at $272,000 after purchasing an additional 180 shares during the last quarter. 88.16% of the stock is owned by institutional investors.

Hubbell Stock Up 1.2%

HUBB stock opened at $489.92 on Friday. The firm has a 50-day moving average price of $446.57 and a 200-day moving average price of $437.57. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $497.95. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $26.04 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 2.48 and a beta of 1.02.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.19. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The business 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 company earned $4.49 EPS. The firm’s quarterly 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. As a group, equities research analysts anticipate that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a dividend of $1.42 per share. The ex-dividend date was Friday, November 28th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. This is an increase from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s dividend payout ratio is presently 35.24%.

Insiders Place Their Bets

In other news, Director John F. Malloy acquired 435 shares of the stock in a transaction dated Monday, November 17th. The stock was bought at an average price of $429.24 per share, with a total value of $186,719.40. Following the completion of the purchase, the director directly owned 19,085 shares of the company’s stock, valued at $8,192,045.40. This represents a 2.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Eugene Mikes sold 2,470 shares of Hubbell stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $466.50, for a total transaction of $1,152,255.00. Following the sale, the insider owned 4,785 shares in the company, valued at approximately $2,232,202.50. This represents a 34.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the topic of a number of analyst reports. Mizuho increased their price target on Hubbell from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Morgan Stanley set a $515.00 target price on shares of Hubbell in a report on Wednesday, January 7th. Finally, Evercore ISI began coverage on shares of Hubbell in a report on Monday, December 15th. They set an “outperform” rating and a $575.00 price target for the company. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.25.

Hubbell Company Profile

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.