PensionDanmark Pensionsforsikringsaktieselskab Acquires 1,006 Shares of Hubbell Inc $HUBB

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Hubbell Inc (NYSE:HUBB) by 9.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,625 shares of the industrial products company’s stock after acquiring an additional 1,006 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Hubbell were worth $6,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HUBB. JGP Wealth Management LLC increased its stake in shares of Hubbell by 4.9% in the 2nd quarter. JGP Wealth Management LLC now owns 2,437 shares of the industrial products company’s stock worth $1,275,000 after purchasing an additional 114 shares in the last quarter. GAMMA Investing LLC lifted its position in Hubbell by 5.5% during the second quarter. GAMMA Investing LLC now owns 1,149 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 60 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in Hubbell during the second quarter valued at $206,000. Arlington Trust Co LLC lifted its position in Hubbell by 83.7% during the second quarter. Arlington Trust Co LLC now owns 79 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 36 shares in the last quarter. Finally, Stableford Capital II LLC grew its holdings in Hubbell by 1.5% during the second quarter. Stableford Capital II LLC now owns 3,471 shares of the industrial products company’s stock valued at $1,816,000 after purchasing an additional 52 shares during the period. Institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group reiterated a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Wells Fargo & Company increased their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays raised their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

Hubbell Price Performance

NYSE:HUBB opened at $514.35 on Friday. The business’s 50-day simple moving average is $492.07 and its two-hundred day simple moving average is $497.68. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. The stock has a market cap of $27.18 billion, a PE ratio of 30.45, a P/E/G ratio of 2.52 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22.

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 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 analyst estimates of $1.66 billion. During the same quarter in the prior year, the company posted $4.93 earnings per share. The business’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. As a group, analysts forecast that Hubbell Inc will post 20.41 EPS for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

About Hubbell

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.