Seaport Res Ptn Brokers Lift Earnings Estimates for Hubbell

Hubbell Incorporated (NYSE:HUBB - Free Report) - Investment analysts at Seaport Res Ptn raised their Q3 2025 EPS estimates for Hubbell in a report issued on Tuesday, October 29th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings per share of $4.86 for the quarter, up from their prior estimate of $4.79. The consensus estimate for Hubbell's current full-year earnings is $16.47 per share.

HUBB has been the subject of several other research reports. Stephens reiterated an "overweight" rating and set a $450.00 price objective on shares of Hubbell in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upgraded Hubbell from a "hold" rating to a "buy" rating and increased their price objective for the company from $431.00 to $441.00 in a report on Friday, September 6th. Mizuho increased their price target on Hubbell from $450.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered Hubbell from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $385.00 to $454.00 in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lifted their target price on shares of Hubbell from $445.00 to $455.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $434.38.

Hubbell Stock Down 0.3 %

Hubbell stock traded down $1.33 during trading hours on Friday, reaching $425.70. The stock had a trading volume of 539,153 shares, compared to its average volume of 442,942. The company has a market cap of $22.85 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.60 and a beta of 0.90. The business's 50 day moving average price is $420.91 and its 200-day moving average price is $395.63. Hubbell has a 52 week low of $274.42 and a 52 week high of $461.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.13.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, topping analysts' consensus estimates of $4.47 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.48 billion. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. Hubbell's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.95 earnings per share.

Hedge Funds Weigh In On Hubbell

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nvwm LLC purchased a new stake in Hubbell during the 1st quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Hubbell in the second quarter valued at approximately $49,000. Northwest Investment Counselors LLC purchased a new position in Hubbell during the third quarter worth approximately $58,000. Ashton Thomas Private Wealth LLC acquired a new position in Hubbell during the second quarter worth $62,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Hubbell by 23.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 184 shares of the industrial products company's stock valued at $67,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company's stock.

Insider Buying and Selling at Hubbell

In other news, Director Carlos M. Cardoso sold 450 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $364.54, for a total transaction of $164,043.00. Following the sale, the director now owns 1,670 shares of the company's stock, valued at $608,781.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Gerben Bakker sold 15,677 shares of Hubbell stock in a transaction on Friday, August 9th. The shares were sold at an average price of $374.34, for a total value of $5,868,528.18. Following the sale, the chief executive officer now owns 66,415 shares of the company's stock, valued at approximately $24,861,791.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carlos M. Cardoso sold 450 shares of the company's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $364.54, for a total transaction of $164,043.00. Following the transaction, the director now owns 1,670 shares of the company's stock, valued at $608,781.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $1.32 per share. This is an increase from Hubbell's previous quarterly dividend of $1.22. This represents a $5.28 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, November 29th. Hubbell's dividend payout ratio (DPR) is currently 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.