Hubbell (NYSE:HUBB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hubbell (NYSE:HUBB) from a hold rating to a buy rating in a report issued on Saturday morning.

HUBB has been the topic of a number of other research reports. Mizuho set a $575.00 price target on Hubbell in a research report on Wednesday, February 4th. Evercore boosted their price objective on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $450.00 target price on shares of Hubbell in a research note on Friday, December 12th. Morgan Stanley set a $515.00 target price on shares of Hubbell in a report on Wednesday, January 7th. Finally, Stephens reiterated an “overweight” rating and issued a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Stock Up 3.4%

Hubbell stock opened at $487.69 on Friday. The firm has a market capitalization of $25.93 billion, a P/E ratio of 29.26, a P/E/G ratio of 2.38 and a beta of 1.00. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell has a twelve month low of $299.42 and a twelve month high of $533.80. The stock’s fifty day simple moving average is $492.09 and its 200-day simple moving average is $456.70.

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

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $1.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is presently 34.07%.

Insiders Place Their Bets

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of the transaction, the vice president directly owned 2,769 shares of the company’s stock, valued at $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the transaction, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at $32,143,647.40. This trade represents a 28.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 34,689 shares of company stock worth $17,407,395. Insiders own 0.76% of the company’s stock.

Institutional Trading of Hubbell

Several institutional investors have recently modified their holdings of HUBB. Wellington Management Group LLP grew its position in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after buying an additional 1,468,701 shares during the last quarter. Boston Partners purchased a new stake in Hubbell in the second quarter valued at $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Hubbell in the third quarter valued at $162,309,000. Troy Asset Management Ltd acquired a new position in Hubbell in the second quarter valued at $132,540,000. Finally, Bain Capital Public Equity Management II LLC purchased a new position in shares of Hubbell during the second quarter worth about $132,286,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

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.