National Pension Service Raises Holdings in Hubbell Inc $HUBB

National Pension Service increased its holdings in Hubbell Inc (NYSE:HUBB) by 4,587.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 85,550 shares of the industrial products company’s stock after acquiring an additional 83,725 shares during the period. National Pension Service owned approximately 0.16% of Hubbell worth $37,994,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HUBB. Thurston Springer Miller Herd & Titak Inc. grew its position in Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 34 shares during the period. NBT Bank N A NY purchased a new position in Hubbell in the fourth quarter worth approximately $27,000. Hantz Financial Services Inc. grew its position in Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 41 shares during the period. Baillie Gifford & Co. grew its position in Hubbell by 62.8% in the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 27 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in Hubbell by 630.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 63 shares during the period. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HUBB has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Barclays raised their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Mizuho set a $575.00 price target on Hubbell in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their price target on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Stephens raised their price target on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $546.25.

Hubbell Trading Down 0.1%

HUBB opened at $473.33 on Monday. Hubbell Inc has a 52 week low of $374.68 and a 52 week high of $565.50. The business has a fifty day simple moving average of $503.78 and a 200-day simple moving average of $481.91. The firm has a market cap of $25.01 billion, a P/E ratio of 27.96, a P/E/G ratio of 2.39 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping the consensus estimate of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $3.50 earnings per share. The company’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, equities analysts expect that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Dividend Announcement

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

About Hubbell

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.