Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 2,200 Shares of Hubbell Inc $HUBB

Key Points

• The **Fjarde AP Fonden Fourth Swedish National Pension Fund** increased its ownership stake in **Hubbell Inc** by **38.6%** during the 1st quarter, now holding **7,902 shares** valued at **$2,615,000**.

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 38.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,902 shares of the industrial products company's stock after purchasing an additional 2,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Hubbell were worth $2,615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HUBB. Tsfg LLC acquired a new stake in shares of Hubbell during the first quarter worth $30,000. Johnson Financial Group Inc. increased its holdings in shares of Hubbell by 166.7% in the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock worth $44,000 after acquiring an additional 65 shares during the period. NBC Securities Inc. acquired a new stake in shares of Hubbell in the 1st quarter worth about $49,000. CX Institutional acquired a new stake in shares of Hubbell in the 1st quarter worth about $49,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Hubbell in the 1st quarter worth about $66,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Hubbell from $420.00 to $445.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Barclays increased their target price on shares of Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $462.29.

Hubbell Stock Down 0.6%

Shares of HUBB stock traded down $2.7460 during trading on Wednesday, hitting $430.0640. 345,957 shares of the company were exchanged, compared to its average volume of 631,513. 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 $22.85 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 2.42 and a beta of 0.99. The business's 50-day simple moving average is $417.80 and its 200 day simple moving average is $382.66. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, topping the consensus estimate of $4.36 by $0.57. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, analysts forecast that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $1.32 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.28 dividend on an annualized basis and a yield of 1.2%. Hubbell's dividend payout ratio is currently 34.29%.

Hubbell Company 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.