Hubbell Inc (NYSE:HUBB) Given Average Recommendation of "Hold" by Brokerages

Hubbell Inc (NYSE:HUBB - Get Free Report) has been assigned an average rating of "Hold" from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $459.25.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen cut shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Barclays boosted their target price on shares of Hubbell from $400.00 to $414.00 and gave the stock an "equal weight" rating in a research note on Monday, June 9th.

Hubbell Stock Performance

NYSE HUBB opened at $394.79 on Tuesday. The firm's fifty day moving average price is $375.02 and its two-hundred day moving average price is $385.28. The stock has a market cap of $21.07 billion, a PE ratio of 26.71, a PEG ratio of 1.38 and a beta of 0.99. Hubbell has a fifty-two week low of $299.43 and a fifty-two week high of $481.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 1.17.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $3.50 earnings per share for the quarter, missing analysts' consensus estimates of $3.73 by ($0.23). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. Hubbell had a return on equity of 27.68% and a net margin of 14.29%. The business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.60 EPS. On average, equities analysts expect that Hubbell will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a dividend of $1.32 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.34%. Hubbell's dividend payout ratio (DPR) is presently 35.72%.

Insider Transactions at Hubbell

In related news, Director Carlos M. Cardoso sold 400 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $386.29, for a total value of $154,516.00. Following the transaction, the director now owns 1,727 shares in the company, valued at $667,122.83. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerben Bakker sold 7,723 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $384.63, for a total transaction of $2,970,497.49. Following the completion of the transaction, the chief executive officer now owns 82,101 shares in the company, valued at approximately $31,578,507.63. The trade was a 8.60% decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hubbell

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its holdings in shares of Hubbell by 85.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 65 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 30 shares during the period. Tsfg LLC acquired a new position in shares of Hubbell during the first quarter valued at about $30,000. Johnson Financial Group Inc. raised its holdings in shares of Hubbell by 166.7% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 65 shares during the period. NBC Securities Inc. acquired a new position in shares of Hubbell during the first quarter valued at about $49,000. Finally, CX Institutional acquired a new position in shares of Hubbell during the first quarter valued at about $49,000. Institutional investors and hedge funds own 88.16% of the company's stock.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.

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