Shares of Hubbell Inc (NYSE:HUBB – Get Free Report) have received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $554.3750.
Several research firms have recently commented on HUBB. Morgan Stanley increased their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Stephens boosted their target price on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Barclays lifted 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, Wells Fargo & Company raised their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st.
Check Out Our Latest Stock Report on Hubbell
Hubbell Stock Up 0.3%
Hubbell (NYSE:HUBB – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $3.50 EPS. The business’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts anticipate that Hubbell will post 19.83 EPS for the current fiscal year.
Hubbell Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of HUBB. BSW Wealth Partners increased its position in Hubbell by 2.9% during the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 22 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Hubbell by 2.2% during the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after buying an additional 23 shares during the period. Ballentine Partners LLC increased its holdings in shares of Hubbell by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after buying an additional 24 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after buying an additional 24 shares during the period. Finally, Quest Investment Management LLC boosted its holdings in Hubbell by 1.3% in the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after acquiring an additional 25 shares during the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.
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.
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