Sienna Gestion Has $6.12 Million Stock Position in Hubbell Inc $HUBB

Sienna Gestion raised its holdings in Hubbell Inc (NYSE:HUBB) by 11.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,406 shares of the industrial products company’s stock after acquiring an additional 1,631 shares during the period. Sienna Gestion’s holdings in Hubbell were worth $6,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Andra AP fonden acquired a new stake in shares of Hubbell during the 2nd quarter worth approximately $8,046,000. Resona Asset Management Co. Ltd. lifted its position in shares of Hubbell by 9.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 18,414 shares of the industrial products company’s stock worth $7,515,000 after buying an additional 1,633 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Hubbell by 11.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 669 shares of the industrial products company’s stock worth $273,000 after buying an additional 71 shares during the period. Trillium Asset Management LLC bought a new position in shares of Hubbell during the 2nd quarter worth approximately $245,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Hubbell by 88.4% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 66,126 shares of the industrial products company’s stock worth $27,007,000 after buying an additional 31,028 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on HUBB. Mizuho raised their target price 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 Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Stephens restated an “overweight” rating and set a $500.00 target price on shares of Hubbell in a research report on Thursday, September 11th. Barclays raised their target price on Hubbell from $431.00 to $456.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus price target of $477.83.

Insider Transactions at Hubbell

In other Hubbell news, 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 value of $945,813.52. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

Hubbell Stock Up 1.9%

Shares of Hubbell stock opened at $468.04 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $484.26. The business has a fifty day simple moving average of $435.44 and a 200 day simple moving average of $413.60. The stock has a market cap of $24.87 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.60 and a beta of 1.00.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data 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. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.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 previous year, the firm earned $4.49 earnings per share. 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. Research analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Increases Dividend

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

Hubbell Company 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.