Public Employees Retirement System of Ohio Acquires 122 Shares of Hubbell Inc $HUBB

Public Employees Retirement System of Ohio grew its holdings in shares of Hubbell Inc (NYSE:HUBB) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,378 shares of the industrial products company’s stock after buying an additional 122 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hubbell were worth $7,097,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. Teacher Retirement System of Texas grew its position in Hubbell by 1,462.9% in the 1st quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company’s stock worth $2,596,000 after purchasing an additional 7,344 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Hubbell by 60.4% during the first quarter. Private Trust Co. NA now owns 292 shares of the industrial products company’s stock valued at $97,000 after buying an additional 110 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Hubbell by 29.6% in the first quarter. Stratos Wealth Partners LTD. now owns 1,578 shares of the industrial products company’s stock worth $522,000 after buying an additional 360 shares during the period. Beacon Financial Group purchased a new position in Hubbell during the 2nd quarter valued at about $262,000. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Hubbell in the 1st quarter worth approximately $1,423,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HUBB. Wells Fargo & Company raised Hubbell from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Stephens reiterated an “overweight” rating and set a $500.00 target price on shares of Hubbell in a report on Thursday, September 11th. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Barclays raised their price objective on shares of Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $472.63.

Hubbell Stock Performance

NYSE:HUBB opened at $425.45 on Monday. The stock has a 50-day simple moving average of $433.67 and a two-hundred day simple moving average of $394.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30. The firm has a market capitalization of $22.61 billion, a PE ratio of 27.63, a P/E/G ratio of 2.38 and a beta of 0.99. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $481.35.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, topping analysts’ consensus estimates of $4.36 by $0.57. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Analysts forecast that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $1.32 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is currently 34.29%.

Hubbell 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.