Hubbell Inc $HUBB Shares Purchased by National Pension Service

National Pension Service grew its stake in shares of Hubbell Inc (NYSE:HUBB) by 4.7% during the second quarter, Holdings Channel reports. The firm owned 90,320 shares of the industrial products company’s stock after purchasing an additional 4,040 shares during the period. National Pension Service’s holdings in Hubbell were worth $47,255,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. California State Teachers Retirement System boosted its holdings in shares of Hubbell by 48,520.9% in the 2nd quarter. California State Teachers Retirement System now owns 39,838,018 shares of the industrial products company’s stock valued at $20,843,251,000 after buying an additional 39,756,082 shares in the last quarter. BlackRock Inc. acquired a new stake in Hubbell during the 2nd quarter worth $2,455,986,000. Wellington Management Group LLP raised its stake in Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after acquiring an additional 1,468,701 shares in the last quarter. State Street Corp raised its stake in Hubbell by 1.8% during the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after acquiring an additional 40,623 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Hubbell in the second quarter valued at $783,142,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Insider Buying and Selling

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

Hubbell Trading Up 1.9%

Shares of Hubbell stock opened at $460.87 on Friday. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The company has a market capitalization of $24.35 billion, a P/E ratio of 27.29, a PEG ratio of 2.25 and a beta of 0.89. The company’s fifty day moving average is $480.47 and its two-hundred day moving average is $493.06.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the prior year, the company earned $4.93 earnings per share. The business’s 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. Analysts forecast that Hubbell Inc will post 20.43 earnings per share for the current year.

Hubbell Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HUBB shares. Morgan Stanley upped their price objective on shares of Hubbell from $565.00 to $575.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 2nd. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Robert W. Baird assumed coverage on Hubbell in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. UBS Group restated a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Hubbell presently has an average rating of “Moderate Buy” and an average price target of $555.00.

Hubbell Profile

Hubbell Incorporated (NYSE: HUBB) is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.