National Pension Service Grows Stock Position in Hubbell Inc $HUBB

National Pension Service lifted its stake in Hubbell Inc (NYSE:HUBB) by 4,587.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,550 shares of the industrial products company’s stock after purchasing an additional 83,725 shares during the period. National Pension Service’s holdings in Hubbell were worth $37,994,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Hubbell in the third quarter valued at $162,309,000. Troy Asset Management Ltd boosted its holdings in Hubbell by 60.7% in the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after purchasing an additional 208,327 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Hubbell by 355.8% in the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after purchasing an additional 173,668 shares during the period. Boston Partners boosted its holdings in Hubbell by 30.7% in the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after purchasing an additional 172,990 shares during the period. Finally, Merewether Investment Management LP purchased a new position in Hubbell in the second quarter valued at $68,164,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Stock Down 0.1%

Hubbell stock opened at $473.33 on Monday. Hubbell Inc has a 1-year low of $374.68 and a 1-year high of $565.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The stock has a market cap of $25.01 billion, a PE ratio of 27.96, a P/E/G ratio of 2.39 and a beta of 0.91. The stock’s fifty day moving average is $503.78 and its two-hundred day moving average is $481.91.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $3.50 earnings per share. Hubbell’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, sell-side analysts expect that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $1.42 per share. The ex-dividend date is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s payout ratio is 33.55%.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of analyst reports. Stephens raised their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company raised 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. JPMorgan Chase & Co. raised their price target on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Morgan Stanley raised their price target on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Finally, Evercore raised their price target on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

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.