Hubbell Inc (NYSE:HUBB) to Issue Quarterly Dividend of $1.42

Hubbell Inc (NYSE:HUBB) declared a quarterly dividend on Friday, April 24th. Shareholders of record on Friday, May 29th will be paid a dividend of 1.42 per share by the industrial products company on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th.

Hubbell has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 17 years. Hubbell has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hubbell to earn $21.61 per share next year, which means the company should continue to be able to cover its $5.68 annual dividend with an expected future payout ratio of 26.3%.

Hubbell Stock Up 0.4%

Shares of NYSE HUBB opened at $476.95 on Wednesday. Hubbell has a one year low of $374.68 and a one year high of $565.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $503.61 and its two-hundred day simple moving average is $481.59. The stock has a market capitalization of $25.36 billion, a P/E ratio of 28.17, a PEG ratio of 2.39 and a beta of 0.95.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business earned $3.50 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, analysts expect that Hubbell will post 19.83 EPS for the current fiscal year.

Analyst Ratings Changes

HUBB has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. increased their price objective on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Evercore increased their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Wells Fargo & Company increased their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Stephens increased their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

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.