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 research report report published on Saturday.

Several other equities research analysts have also recently weighed in on the company. Evercore increased their target price on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Stephens restated an “overweight” rating and set a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their target price on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Barclays upped their price target on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $533.50.

Hubbell Trading Up 2.1%

Shares of HUBB stock opened at $546.74 on Friday. The stock has a market capitalization of $29.06 billion, a PE ratio of 32.80, a P/E/G ratio of 2.71 and a beta of 1.00. Hubbell has a 1-year low of $325.08 and a 1-year high of $548.97. The business has a 50-day moving average of $504.51 and a 200 day moving average of $470.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.03. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations 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 prior year, the business posted $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, sell-side analysts anticipate that Hubbell will post 19.79 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, February 27th. Hubbell’s dividend payout ratio is currently 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 transaction of $1,123,847.00. Following the completion of the transaction, the vice president owned 2,769 shares in the company, valued at $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following 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 position. The SEC filing for this sale provides additional information. Insiders have sold 34,689 shares of company stock worth $17,407,395 in the last ninety days. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Hubbell by 4.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock worth $38,611,000 after acquiring an additional 3,542 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Hubbell by 64.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock worth $1,669,000 after acquiring an additional 1,514 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Hubbell by 15.7% in the 3rd quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock worth $87,333,000 after acquiring an additional 27,576 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of Hubbell by 32.4% in the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock worth $7,372,000 after acquiring an additional 4,060 shares in the last quarter. Finally, Troy Asset Management Ltd raised its position in shares of Hubbell by 5.8% in the 3rd quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock worth $147,722,000 after acquiring an additional 18,767 shares in the last quarter. 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.