Hubbell Inc (NYSE:HUBB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Hubbell Inc (NYSE:HUBB) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $529.75.

Several brokerages have weighed in on HUBB. JPMorgan Chase & Co. increased their target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company upped their price target on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Stephens reiterated an “overweight” rating and issued a $550.00 price objective on shares of Hubbell in a research report on Thursday, February 5th. UBS Group reissued a “neutral” rating and set a $450.00 target price on shares of Hubbell in a research note on Friday, December 12th. Finally, Mizuho set a $575.00 price target on shares of Hubbell in a research note on Wednesday, February 4th.

Insiders Place Their Bets

In other news, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the transaction, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the sale, the chief executive officer owned 64,420 shares in the company, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 34,689 shares of company stock worth $17,407,395. Insiders own 0.66% of the company’s stock.

Institutional Trading of Hubbell

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares in the last quarter. Boston Partners bought a new position in Hubbell during the 2nd quarter valued at $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Hubbell during the 3rd quarter valued at $162,309,000. Troy Asset Management Ltd bought a new stake in shares of Hubbell in the 2nd quarter worth $132,540,000. Finally, Bain Capital Public Equity Management II LLC bought a new stake in shares of Hubbell in the 2nd quarter worth $132,286,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Trading Down 2.9%

Hubbell stock opened at $476.38 on Friday. Hubbell has a 1 year low of $299.42 and a 1 year high of $533.80. The firm’s 50-day moving average is $491.02 and its 200-day moving average is $455.66. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The company has a market cap of $25.32 billion, a P/E ratio of 28.58, a PEG ratio of 2.48 and a beta of 1.00.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.Hubbell’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities analysts expect that Hubbell will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

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.