California State Teachers Retirement System Sells 1,164 Shares of Hubbell Inc $HUBB

California State Teachers Retirement System reduced its holdings in shares of Hubbell Inc (NYSE:HUBB) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,936 shares of the industrial products company’s stock after selling 1,164 shares during the period. California State Teachers Retirement System’s holdings in Hubbell were worth $40,209,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP grew 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 worth $1,116,773,000 after acquiring an additional 1,468,701 shares during the last quarter. State Street Corp increased its holdings in shares of Hubbell by 1.8% during the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after acquiring an additional 40,623 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Hubbell by 0.8% in 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 purchasing an additional 10,898 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Hubbell by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock worth $539,257,000 after purchasing an additional 60,071 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Hubbell by 0.8% in the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock worth $507,356,000 after purchasing an additional 9,202 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Trading Down 0.2%

Shares of HUBB opened at $472.63 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.94. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The company has a 50 day simple moving average of $489.43 and a two-hundred day simple moving average of $496.90. The firm has a market cap of $24.97 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 2.32 and a beta of 0.89.

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

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HUBB shares. Wells Fargo & Company raised their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research note on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

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.