Public Employees Retirement System of Ohio Buys Shares of 16,385 Hubbell Inc $HUBB

Public Employees Retirement System of Ohio purchased a new position in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 16,385 shares of the industrial products company’s stock, valued at approximately $8,573,000.

A number of other hedge funds also recently modified their holdings of HUBB. BlackRock Inc. bought a new position in Hubbell during the second quarter valued at $2,455,986,000. Wellington Management Group LLP raised its stake in shares of Hubbell by 140.4% in the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after buying an additional 1,468,701 shares during the period. State Street Corp lifted its position in shares of Hubbell by 1.8% during the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after buying an additional 40,623 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Hubbell during the 2nd quarter valued at $783,142,000. Finally, Geode Capital Management LLC grew its stake in shares of Hubbell by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after acquiring an additional 10,898 shares during the period. Institutional investors own 88.16% of the company’s stock.

Hubbell Trading Down 1.5%

Shares of HUBB stock opened at $452.99 on Tuesday. The company has a market capitalization of $23.93 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.90. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The business’s fifty day moving average is $489.86 and its 200 day moving average is $497.02. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities research analysts anticipate that Hubbell Inc will post 20.41 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.3%. Hubbell’s payout ratio is presently 33.63%.

Insider Buying and Selling at Hubbell

In related news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the transaction, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HUBB shares. UBS Group reissued a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Barclays lifted their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Robert W. Baird began coverage on shares of Hubbell in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price target on the stock. Finally, Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and a consensus price target of $553.89.

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.