National Pension Service Boosts Stock Holdings in Hubbell Inc $HUBB

National Pension Service grew its position in Hubbell Inc (NYSE:HUBB) by 112.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,117 shares of the industrial products company’s stock after purchasing an additional 591 shares during the period. National Pension Service’s holdings in Hubbell were worth $456,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HUBB. CWM LLC grew its position in Hubbell by 17.7% in the 1st quarter. CWM LLC now owns 1,563 shares of the industrial products company’s stock worth $517,000 after purchasing an additional 235 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Hubbell by 93.5% in the 1st quarter. Signaturefd LLC now owns 563 shares of the industrial products company’s stock worth $186,000 after buying an additional 272 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Hubbell by 3.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,088 shares of the industrial products company’s stock valued at $1,353,000 after acquiring an additional 124 shares in the last quarter. PFG Advisors increased its position in shares of Hubbell by 42.7% during the first quarter. PFG Advisors now owns 10,135 shares of the industrial products company’s stock valued at $3,354,000 after acquiring an additional 3,031 shares during the last quarter. Finally, Guidance Capital Inc. lifted its holdings in Hubbell by 28.7% during the first quarter. Guidance Capital Inc. now owns 2,468 shares of the industrial products company’s stock worth $878,000 after acquiring an additional 550 shares during the period. 88.16% of the stock is owned by institutional investors.

Hubbell Price Performance

HUBB opened at $431.97 on Friday. The firm has a 50-day moving average price of $437.81 and a 200-day moving average price of $418.51. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $484.26. The company has a quick ratio of 0.76, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.60 and a beta of 1.00.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $5.17 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. Hubbell’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.49 EPS. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Equities analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, November 28th. This is an increase from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.3%. Hubbell’s dividend payout ratio is 35.24%.

Insider Buying and Selling at Hubbell

In other Hubbell news, insider Alyssa R. Flynn sold 2,011 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $470.32, for a total value of $945,813.52. Following the completion of the transaction, the insider owned 3,243 shares in the company, valued at $1,525,247.76. This trade represents a 38.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Eugene Mikes sold 2,470 shares of Hubbell stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $466.50, for a total value of $1,152,255.00. Following the transaction, the insider directly owned 4,785 shares of the company’s stock, valued at $2,232,202.50. The trade was a 34.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Wells Fargo & Company boosted their price target on shares of Hubbell from $490.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Stephens restated an “overweight” rating and set a $500.00 price objective on shares of Hubbell in a report on Thursday, September 11th. Wall Street Zen raised shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $477.83.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.