Public Employees Retirement Association of Colorado Purchases 8,400 Shares of Hubbell Inc $HUBB

Public Employees Retirement Association of Colorado grew its position in shares of Hubbell Inc (NYSE:HUBB) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,059 shares of the industrial products company’s stock after purchasing an additional 8,400 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Hubbell were worth $25,785,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HUBB. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Hubbell by 147.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after buying an additional 34 shares during the period. NBT Bank N A NY acquired a new stake in shares of Hubbell during the 4th quarter worth approximately $27,000. Raiffeisen Bank International AG grew its position 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 worth $29,000 after buying an additional 30 shares during the period. Hantz Financial Services Inc. grew its position in shares of Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after buying an additional 41 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after buying an additional 27 shares during the period. Institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HUBB shares. Stephens raised their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Barclays raised their price objective on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company raised their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $546.25.

Hubbell Stock Performance

Shares of HUBB stock opened at $476.04 on Monday. The firm has a market capitalization of $25.15 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. The firm has a fifty day simple moving average of $501.37 and a two-hundred day simple moving average of $485.35. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 12 month low of $380.86 and a 12 month high of $565.50.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts forecast that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, May 29th. Hubbell’s payout ratio is 33.55%.

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.