Public Employees Retirement System of Ohio Buys New Shares in Hubbell Inc $HUBB

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

Other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. increased its position in shares of Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Raiffeisen Bank International AG raised its holdings in shares of Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in Hubbell in the 2nd quarter worth approximately $35,000. Leonteq Securities AG bought a new stake in Hubbell in the 1st quarter worth approximately $33,000. Finally, Fiduciary Financial Advisors purchased a new stake in Hubbell in the second quarter worth approximately $37,000. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Down 1.5%

Shares of NYSE:HUBB opened at $452.99 on Tuesday. The stock’s 50-day moving average is $489.86 and its 200 day moving average is $497.02. The company has a market cap of $23.93 billion, a PE ratio of 26.82, a P/E/G ratio of 2.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share 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 business’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Sell-side analysts anticipate that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.3%. Hubbell’s dividend payout ratio (DPR) is presently 33.63%.

Insider Buying and Selling

In related news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction 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 sale, the vice president owned 2,933 shares in the company, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.63% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays increased their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. UBS Group restated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Finally, Robert W. Baird assumed coverage on shares of Hubbell in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and an average price target of $553.89.

Hubbell 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.