Hubbell Inc (NYSE:HUBB) Announces Quarterly Dividend of $1.42

Hubbell Inc (NYSE:HUBBGet Free Report) announced a quarterly dividend on Friday, July 24th. Investors of record on Monday, August 31st will be given a dividend of 1.42 per share by the industrial products company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 31st.

Hubbell has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 17 years. Hubbell has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hubbell to earn $22.36 per share next year, which means the company should continue to be able to cover its $5.68 annual dividend with an expected future payout ratio of 25.4%.

Hubbell Price Performance

Shares of HUBB stock opened at $459.86 on Friday. 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 has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a market cap of $24.29 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.30 and a beta of 0.90. The business has a fifty day simple moving average of $491.58 and a 200 day simple moving average of $497.43.

Hubbell (NYSE:HUBBGet Free Report) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, sell-side analysts forecast that Hubbell will post 20.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on HUBB. Robert W. Baird began coverage on Hubbell in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 target price on the stock. Stephens lifted their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Finally, 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. One equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $553.89.

View Our Latest Research Report on HUBB

About Hubbell

(Get Free Report)

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.

See Also

Dividend History for Hubbell (NYSE:HUBB)

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