Robeco Institutional Asset Management B.V. Acquires 2,391 Shares of Hubbell Inc $HUBB

Robeco Institutional Asset Management B.V. lifted its stake in Hubbell Inc (NYSE:HUBB) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,139 shares of the industrial products company’s stock after acquiring an additional 2,391 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.37% of Hubbell worth $83,540,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HUBB. Central Pacific Bank Trust Division acquired a new stake in Hubbell in the 2nd quarter worth $29,000. Cullen Frost Bankers Inc. lifted its stake in shares of Hubbell by 400.0% in the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock valued at $35,000 after buying an additional 68 shares during the period. Mather Group LLC. acquired a new stake in Hubbell during the third quarter worth about $37,000. Ransom Advisory Ltd bought a new position in Hubbell during the first quarter valued at about $53,000. Finally, Johnson Financial Group Inc. raised its holdings in Hubbell by 185.4% in the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 89 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Up 2.7%

HUBB opened at $478.02 on Wednesday. The firm has a market cap of $25.41 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 1.36. The firm’s 50-day simple moving average is $445.16 and its 200-day simple moving average is $433.81. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $484.26.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $5.17 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.19. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.54 billion. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.Hubbell’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.49 EPS. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. 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. Shareholders of record on Friday, November 28th were given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, November 28th. This is a positive change from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s dividend payout ratio is 35.24%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HUBB. Stephens reiterated an “overweight” rating and issued a $500.00 price objective on shares of Hubbell in a research report on Thursday, September 11th. JPMorgan Chase & Co. raised their target price on Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. 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. Wells Fargo & Company lifted their target price on shares of Hubbell from $490.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, UBS Group reissued a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a research note on Friday, December 12th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $491.29.

Insider Activity

In other news, insider Alyssa R. Flynn sold 2,011 shares of the business’s stock in a transaction 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 owned 3,243 shares in the company, 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 legal filing with the SEC, which is available through this link. Also, Director John F. Malloy purchased 435 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were purchased at an average cost of $429.24 per share, for a total transaction of $186,719.40. Following the purchase, the director directly 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. Insiders own 0.76% of the company’s stock.

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.