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

Shares of Hubbell Inc (NYSE:HUBB) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $554.3750.

A number of analysts have recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company raised their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Stephens raised their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th.

Hubbell Stock Up 5.5%

Shares of HUBB stock opened at $502.10 on Wednesday. The stock has a market cap of $26.53 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.90. Hubbell has a one year low of $403.82 and a one year high of $565.50. The stock has a fifty day moving average price of $489.94 and a 200 day moving average price of $497.21. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93.

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, beating analysts’ consensus estimates of $5.39 by $0.13. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Analysts predict that Hubbell will post 20.41 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Institutional Trading of Hubbell

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DNB Asset Management AS lifted its holdings in shares of Hubbell by 4.9% during the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock valued at $17,260,000 after purchasing an additional 1,832 shares in the last quarter. Perigon Wealth Management LLC increased its stake in Hubbell by 32.4% during the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock worth $7,372,000 after purchasing an additional 4,060 shares in the last quarter. Swedbank AB raised its holdings in Hubbell by 19.2% during the 1st quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock worth $15,890,000 after buying an additional 5,218 shares during the period. Principal Financial Group Inc. raised its holdings in Hubbell by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 205,775 shares of the industrial products company’s stock worth $91,396,000 after buying an additional 7,100 shares during the period. Finally, Vest Financial LLC acquired a new stake in Hubbell during the 4th quarter worth approximately $1,589,000. 88.16% of the stock is owned by 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.