As we approach the end of May 2023, investors are keeping a close eye on Hubbell Incorporated (NYSE:HUBB) after Intech Investment Management LLC made a significant move in the fourth quarter. According to the latest Form 13F filing with the Securities & Exchange Commission, Intech Investment Management LLC purchased 1,589 shares of the industrial products company’s stock, worth approximately $373,000. This news is causing ripples within the investment community as they head towards June 15th when a quarterly dividend will be paid out to stockholders.
Hubbell’s dividend payout ratio (DPR) is currently set at 42.79%, meaning that shareholders who hold HUBB shares prior to Wednesday, May 31st will receive a $1.12 dividend per share. This represents an annualized basis of $4.48 and an attractive yield of 1.60% for income-seeking investors.
Director Carlos M. Cardoso has recently made headlines following his sale of 560 shares in Hubbell Incorporated earlier this month. The shares were sold at an average price of $273.16, giving Mr Cardoso total proceeds of $152,969.60 from his sale transaction. Following the cash-out sum from his take-home pay, Mr Cardoso still owns over 1,700 shares in HUBB valued far beyond his recent sale figures.
The sale by director Cardoso led some analysts to question whether he had insider knowledge suggesting that Hubbell’s future may not be as bright as others are anticipating in their portfolios; however, corporate disclosures disclose that only abysmal amounts – little more than “0.66% of the stock” according to sources close to SEC filings – are owned by corporate insiders.
Investors must keep watch over Hubbell throughout June as new financial reports surface and potential changes could arise within its corporate structure – but as far as current events go it seems it’s enjoying another healthy week on the stock exchange.
Hubbell Incorporated: Analyzing Investors, Ratings, and Dividend Payouts for Long-Term Value Investment Opportunities[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”HUBB” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]
Hubbell Incorporated: An Analysis of its Investors, Ratings, and Dividend Payouts
In recent months, numerous hedge funds and institutional investors have altered their holdings in Hubbell Incorporated, making several new purchases. Northwest Investment Counselors LLC purchased shares valued at roughly $32,000 in the fourth fiscal quarter while First Manhattan Co., another firm of note, acquired a stake worth approximately $28,000 during the first quarter. Other notable purchasers include Harel Insurance Investments & Financial Services Ltd., a buyer during the fourth fiscal quarter with shares valued at around $41,000. Additionally, Quent Capital LLC increased its holdings on Hubbell by 22.1% in Q3 while IFP Advisors Inc did so by 25.7%.
Although there has been movement amongst Hubbell’s investors, analysts remain divided on how to view the stock. While JPMorgan Chase & Co has raised their rating from ‘underweight’ to ‘neutral’, Wells Fargo & Co decreased their target price on the company’s shares from $225 to $221 with an “equal weight” rating. Conversely, Mizuho raised its price target from $252 to $300 in April and StockNews.com elevated Hubbell’s stock rating from “buy” to “strong buy”. Another group of analysts rates the stock as having two sell ratings downgraded from three hold ratings; one buy rating and one strong buy rating.
Hubbell recently announced receiving a quarterly dividend akin to its previous payment standards starting on June 15th with an ex-dividend date of May 30th for its shareholders of record last May 31st. Those who claimed this stock would receive a cash dividend payment of $1.12 per share for a dividend yield of about 1.6%. As dividends paid form part of a steady stream of income provided by any owned equity – calm waters for value investors – Hubbell represents this segment unusually well given its consistency in regular dividends.
Intelligent investors could stand to learn so much more about Hubbell Incorporated vis-À-vis present market analysis. As of May 22, 2023, the stock opened up at $280.01, compared to a one year low of $170.21 and a one year high of $284.27 that signified the company’s market capitalization at $15.01 billion. Its PEG ratio is at 2.03 with a beta index of 0.99 suggesting it’s not as volatile as other equities often seen on the stocks exchange and provides shareholders with a dividend payout ratio (DPR) of around 42.79%. The investment pull for less active investors will be heightened in Hubbell’s investing strategy if they continue embedding regular dividend payouts as their overall plan going forward into the next fiscal cycle.
Hubbell aims to preserve its earnings growth through its industrial sector covering power systems equipment and automation technologies primarily in Europe, Asia-Pacific, North America, Africa and the Middle East regions.
Due to Hubbell’s excellent economic standing supplemented by consistent and regular quarterly dividends paid out like clockwork even in times of global crisis, value investors just might want to take note – proceed with caution till these unusual market dynamics settle down or buy into the dip soon if you are an aggressive investor playing this somewhat-bullish market trend ahead of further Fed tightening action lately witnessed bringing dollar strength across markets.
Most financial institutions measuring institutional ownership percentage have also reported that roughly 89.71% percentage owned by institutions makes this stock a known-institutional shareholder’s favorite more so than retail investors looking for quick gains via day trading tactics possible given current market trends over recent weeks evidenced most notably through two notable hail-mary runs made during mid-May leading those who got into Hubbell then prospering greatly shortly thereafter.
In conclusion: Although there has been movement amongst Hubbell’s investors in recent months, and analysts remain divided on how to rate its stock, the firm continues to pay dividends with regularity. At present, Hubbell appears well-positioned for steady earnings growth through its industrial segment covering power systems equipment and automation technologies. Whether more conservative or aggressive in their investment strategies – individuals can consider keeping tabs on this company as a firm whose stock has been known to produce shared value over long periods for investors they ultimately still appreciate long-term positions betting on forward-looking trends in the production sector that seem competitive but profitable that likely would benefit from pandemic recovery scenarios worldwide along with further easing of trade disputes lifting some barriers for technology spending among other positive market indicators so far in 2023.