Hubbell Inc $HUBB Shares Purchased by Tredje AP fonden

Tredje AP fonden lifted its holdings in Hubbell Inc (NYSE:HUBB) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,139 shares of the industrial products company’s stock after purchasing an additional 1,522 shares during the period. Tredje AP fonden’s holdings in Hubbell were worth $3,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 valued at $25,000 after acquiring an additional 34 shares in the last quarter. NBT Bank N A NY acquired a new position in Hubbell during the fourth quarter worth $27,000. Hantz Financial Services Inc. boosted its holdings in Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after buying an additional 27 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted 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 valued at $32,000 after buying an additional 63 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Price Performance

Shares of Hubbell stock opened at $461.61 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $504.22 and its 200 day moving average price is $481.49. The stock has a market capitalization of $24.54 billion, a P/E ratio of 27.27, a PEG ratio of 2.37 and a beta of 0.95. Hubbell Inc has a twelve month low of $374.68 and a twelve month high of $565.50.

Hubbell (NYSE:HUBB) last announced its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating 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 company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm earned $3.50 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, research analysts anticipate that Hubbell Inc will post 19.83 earnings per share for the current year.

Hubbell Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HUBB shares. Morgan Stanley boosted their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Barclays lifted their price objective on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and an average price target of $546.25.

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.