Hubbell (NYSE:HUBB) Price Target Raised to $565.00

Hubbell (NYSE:HUBB) had its price objective boosted by Morgan Stanley from $515.00 to $565.00 in a research note published on Wednesday,Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Stephens reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research report on Thursday, February 5th. Mizuho set a $575.00 price target on shares of Hubbell in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $536.00.

Hubbell Stock Performance

HUBB opened at $467.52 on Wednesday. The company has a market capitalization of $24.85 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.37 and a beta of 1.00. The business’s 50-day moving average price is $493.98 and its two-hundred day moving average price is $457.40. Hubbell has a 1 year low of $299.42 and a 1 year high of $533.80. 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 posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm earned $4.10 earnings per share. Hubbell’s revenue for the quarter was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities analysts expect that Hubbell will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio is 34.07%.

Insider Activity

In other news, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president owned 2,769 shares of the company’s stock, valued at $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 34,689 shares of company stock worth $17,407,395. 0.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Hubbell

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its stake in Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after buying an additional 1,518 shares during the period. Empowered Funds LLC boosted its stake in shares of Hubbell by 18.9% during the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 196 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 155 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Hubbell during the 1st quarter worth approximately $599,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Hubbell during the 2nd quarter worth approximately $689,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

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.