Brokerages Set Hubbell Inc (NYSE:HUBB) PT at $554.38

Shares of Hubbell Inc (NYSE:HUBB) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $554.3750.

A number of research firms recently commented on HUBB. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday. 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. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Barclays increased their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research report on Wednesday.

Institutional Trading of Hubbell

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its stake in Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after buying an additional 1,518 shares in the last quarter. Empowered Funds LLC increased its position in shares of Hubbell by 18.9% during the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 196 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 155 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Hubbell during the first quarter worth $599,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Hubbell by 31.1% during the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 111 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Down 0.2%

Shares of NYSE:HUBB opened at $472.63 on Wednesday. Hubbell has a 52 week low of $403.82 and a 52 week high of $565.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.94 and a current ratio of 1.61. The company has a market capitalization of $24.97 billion, a PE ratio of 27.98, a PEG ratio of 2.32 and a beta of 0.89. The company has a 50 day moving average price of $489.43 and a two-hundred day moving average price of $496.90.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.39 by $0.13. The company 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 business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Analysts forecast that Hubbell will post 20.41 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st 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 of this dividend is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

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.