California State Teachers Retirement System Has $40.21 Million Stock Position in Hubbell Inc $HUBB

California State Teachers Retirement System lowered its stake in Hubbell Inc (NYSE:HUBB) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,936 shares of the industrial products company’s stock after selling 1,164 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Hubbell worth $40,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DNB Asset Management AS raised its position in shares of Hubbell by 4.9% in the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock valued at $17,260,000 after buying an additional 1,832 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Hubbell by 32.4% during the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock worth $7,372,000 after acquiring an additional 4,060 shares in the last quarter. Swedbank AB boosted its position in shares of Hubbell by 19.2% during the 1st quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock worth $15,890,000 after acquiring an additional 5,218 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hubbell by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 205,775 shares of the industrial products company’s stock valued at $91,396,000 after acquiring an additional 7,100 shares during the last quarter. Finally, Vest Financial LLC bought a new position in Hubbell in the fourth quarter valued at approximately $1,589,000. 88.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HUBB. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday. Wells Fargo & Company increased their price target on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Barclays boosted their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Stock Down 0.2%

Shares of NYSE:HUBB opened at $472.63 on Friday. The business’s 50 day moving average is $489.43 and its 200 day moving average is $496.90. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The stock has a market cap of $24.97 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.32 and a beta of 0.89. The company has a quick ratio of 0.94, a current ratio of 1.61 and a debt-to-equity ratio of 1.22.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company posted $4.93 earnings per share. Hubbell’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, sell-side analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s payout ratio is currently 33.63%.

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.