Hubbell Incorporated (NYSE:HUBB) Receives $472.13 Average Price Target from Analysts

Hubbell Incorporated (NYSE:HUBB) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $472.13.

A number of brokerages have recently weighed in on HUBB. Wells Fargo & Company upped their target price on Hubbell from $445.00 to $455.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Barclays upped their price objective on shares of Hubbell from $402.00 to $475.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. StockNews.com cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Mizuho upped their target price on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded Hubbell from a “buy” rating to a “hold” rating and cut their price target for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th.

Insider Activity at Hubbell

In related news, insider Mark Eugene Mikes sold 1,144 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $466.20, for a total value of $533,332.80. Following the transaction, the insider now directly owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. The trade was a 27.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by company insiders.

Institutional Trading of Hubbell

Several hedge funds have recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC lifted its position in shares of Hubbell by 192,421.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,980,000 shares of the industrial products company’s stock valued at $3,418,233,000 after buying an additional 7,975,855 shares during the last quarter. International Assets Investment Management LLC boosted its position in Hubbell by 42,735.0% during the third quarter. International Assets Investment Management LLC now owns 1,919,865 shares of the industrial products company’s stock worth $8,223,740,000 after purchasing an additional 1,915,383 shares during the period. Impax Asset Management Group plc raised its position in shares of Hubbell by 53.8% in the second quarter. Impax Asset Management Group plc now owns 922,801 shares of the industrial products company’s stock valued at $336,984,000 after purchasing an additional 322,728 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hubbell by 268.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 231,130 shares of the industrial products company’s stock valued at $99,005,000 after buying an additional 168,380 shares in the last quarter. Finally, LGT Capital Partners LTD. bought a new position in Hubbell in the 3rd quarter worth approximately $39,687,000. Institutional investors own 88.16% of the company’s stock.

Hubbell Trading Up 0.3 %

NYSE:HUBB opened at $419.99 on Tuesday. Hubbell has a 12 month low of $315.38 and a 12 month high of $481.35. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.69 and a beta of 0.91. The firm has a fifty day simple moving average of $445.52 and a two-hundred day simple moving average of $412.83.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.47 by $0.02. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $3.95 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts expect that Hubbell will post 16.47 EPS for the current fiscal year.

Hubbell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from Hubbell’s previous quarterly dividend of $1.22. Hubbell’s payout ratio is presently 38.04%.

Hubbell Company Profile

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.