Hubbell Inc. (NYSE:HUBB) announced a quarterly dividend on Tuesday, October 25th. Stockholders of record on Wednesday, November 30th will be given a dividend of 0.70 per share on Thursday, December 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Monday, November 28th. This is a positive change from Hubbell’s previous quarterly dividend of $0.63.

Shares of Hubbell (NYSE:HUBB) opened at 112.70 on Wednesday. Hubbell has a 1-year low of $83.16 and a 1-year high of $112.92. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 21.96 and a beta of 0.92. The stock has a 50 day moving average price of $106.01 and a 200 day moving average price of $105.55.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.13. The company earned $907 million during the quarter, compared to analysts’ expectations of $910.78 million. Hubbell had a return on equity of 19.40% and a net margin of 8.33%. The company’s revenue was up 3.5% compared to the same quarter last year. Analysts forecast that Hubbell will post $5.30 earnings per share for the current year.

Dividend History for Hubbell (NYSE:HUBB)

HUBB has been the subject of a number of research analyst reports. Zacks Investment Research cut Hubbell from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. JPMorgan Chase & Co. reduced their price target on Hubbell from $110.00 to $108.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Finally, Morgan Stanley reiterated a “hold” rating and set a $111.00 price target on shares of Hubbell in a report on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Hubbell presently has an average rating of “Hold” and a consensus price target of $105.20.

A number of large investors have recently modified their holdings of HUBB. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hubbell by 18.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,596 shares of the company’s stock valued at $172,000 after buying an additional 250 shares during the period. HighTower Advisors LLC bought a new stake in shares of Hubbell during the third quarter valued at about $277,000. Trexquant Investment LP bought a new stake in shares of Hubbell during the second quarter valued at about $301,000. KCG Holdings Inc. bought a new stake in shares of Hubbell during the third quarter valued at about $321,000. Finally, Pacad Investment Ltd. bought a new stake in shares of Hubbell during the second quarter valued at about $316,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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Hubbell Company Profile

Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company operates through two segments: Electrical and Power. The Electrical segment consists of electrical systems products and lighting products.

5 Day Chart for NYSE:HUBB

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