Nomura Asset Management Co. Ltd. Has $25.30 Million Holdings in Hubbell Inc $HUBB

Nomura Asset Management Co. Ltd. increased its position in Hubbell Inc (NYSE:HUBB) by 10.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 61,940 shares of the industrial products company’s stock after purchasing an additional 5,713 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.12% of Hubbell worth $25,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DB Fitzpatrick & Co Inc lifted its holdings in shares of Hubbell by 0.6% in the second quarter. DB Fitzpatrick & Co Inc now owns 4,349 shares of the industrial products company’s stock valued at $1,776,000 after purchasing an additional 26 shares in the last quarter. Chicago Capital LLC grew its holdings in shares of Hubbell by 0.5% during the second quarter. Chicago Capital LLC now owns 6,131 shares of the industrial products company’s stock valued at $2,504,000 after buying an additional 29 shares in the last quarter. Klingman & Associates LLC raised its position in Hubbell by 1.2% during the second quarter. Klingman & Associates LLC now owns 2,496 shares of the industrial products company’s stock valued at $1,019,000 after buying an additional 29 shares during the period. Bordeaux Wealth Advisors LLC lifted its stake in Hubbell by 5.0% in the 2nd quarter. Bordeaux Wealth Advisors LLC now owns 635 shares of the industrial products company’s stock worth $259,000 after acquiring an additional 30 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its stake in Hubbell by 1.9% in the 2nd quarter. Montag A & Associates Inc. now owns 1,630 shares of the industrial products company’s stock worth $666,000 after acquiring an additional 30 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hubbell

In other news, insider Mark Eugene Mikes sold 2,470 shares of the company’s stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alyssa R. Flynn sold 2,011 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $470.32, for a total value of $945,813.52. Following the transaction, the insider directly owned 3,243 shares in the company, valued at approximately $1,525,247.76. This represents a 38.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.66% of the company’s stock.

Hubbell Price Performance

Shares of HUBB opened at $417.38 on Wednesday. The firm has a market cap of $22.18 billion, a PE ratio of 25.89, a PEG ratio of 2.60 and a beta of 1.00. The firm’s 50 day moving average price is $437.10 and its 200 day moving average price is $419.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.36. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $484.26.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 EPS for the quarter, topping the consensus estimate of $4.98 by $0.19. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the firm posted $4.49 earnings per share. The company’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. As a group, research 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 will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued 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 yield of 1.4%. The ex-dividend date is Friday, November 28th. Hubbell’s dividend payout ratio is currently 35.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Barclays raised their price target on shares of Hubbell from $431.00 to $456.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Stephens reaffirmed an “overweight” rating and set a $500.00 price objective on shares of Hubbell in a research report on Thursday, September 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 2nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and an average price target of $477.83.

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.