Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 1,070 Shares of Hubbell Inc $HUBB

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Hubbell Inc (NYSE:HUBB) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,031 shares of the industrial products company’s stock after purchasing an additional 1,070 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Hubbell were worth $6,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. BSW Wealth Partners raised its stake in shares of Hubbell by 2.9% in the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 22 shares during the period. GAMMA Investing LLC raised its holdings in shares of Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock worth $473,000 after buying an additional 23 shares during the period. Ballentine Partners LLC lifted its stake in shares of Hubbell by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after acquiring an additional 24 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Hubbell by 2.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 24 shares during the period. Finally, Quest Investment Management LLC boosted its holdings in Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after acquiring an additional 25 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Price Performance

Hubbell stock opened at $486.88 on Monday. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The company’s fifty day moving average price is $496.81 and its 200 day moving average price is $493.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The stock has a market capitalization of $25.73 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.46 and a beta of 0.89.

Hubbell (NYSE:HUBB) last announced its earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS 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 business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities research analysts anticipate that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HUBB shares. Morgan Stanley upped their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Weiss Ratings raised Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. UBS Group reissued a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Hubbell presently has an average rating of “Moderate Buy” and an average price target of $554.38.

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.