Hubbell Incorporated (NYSE:HUBB) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Hubbell Incorporated (NYSE:HUBB - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $445.56.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered Hubbell from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $385.00 to $454.00 in a research report on Thursday, October 10th. Stephens restated an "overweight" rating and issued a $450.00 target price on shares of Hubbell in a report on Friday, August 2nd. Wells Fargo & Company boosted their price target on shares of Hubbell from $445.00 to $455.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their target price on Hubbell from $407.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Barclays upped their target price on Hubbell from $400.00 to $402.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On Hubbell

Several hedge funds have recently modified their holdings of the stock. IFG Advisory LLC acquired a new position in Hubbell during the 2nd quarter worth approximately $475,000. Acadian Asset Management LLC grew its holdings in Hubbell by 51.3% during the second quarter. Acadian Asset Management LLC now owns 3,693 shares of the industrial products company's stock worth $1,347,000 after acquiring an additional 1,252 shares during the period. Great Valley Advisor Group Inc. raised its position in Hubbell by 24.6% in the second quarter. Great Valley Advisor Group Inc. now owns 6,873 shares of the industrial products company's stock worth $2,511,000 after acquiring an additional 1,359 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Hubbell by 2.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 99,227 shares of the industrial products company's stock valued at $40,731,000 after acquiring an additional 2,822 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of Hubbell during the 1st quarter worth $582,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Stock Down 0.4 %

Shares of HUBB stock traded down $1.92 during trading hours on Monday, reaching $466.01. 535,531 shares of the stock were exchanged, compared to its average volume of 443,674. The business's fifty day moving average is $427.99 and its two-hundred day moving average is $397.95. The firm has a market capitalization of $25.01 billion, a P/E ratio of 33.48, a P/E/G ratio of 1.74 and a beta of 0.90. Hubbell has a 12-month low of $286.49 and a 12-month high of $481.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.05.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, beating analysts' consensus estimates of $4.47 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.48 billion. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The company's revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $3.95 EPS. As a group, research analysts expect that Hubbell will post 16.47 EPS for the current fiscal year.

Hubbell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Hubbell's previous quarterly dividend of $1.22. Hubbell's payout ratio is presently 35.16%.

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.