Hubbell Inc (HUBB) To Go Ex-Dividend on May 29th

Hubbell Inc (NYSE:HUBB) declared a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 29th will be given a dividend of 1.42 per share by the industrial products company on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, May 29th.

Hubbell has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 17 years. Hubbell has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hubbell to earn $21.61 per share next year, which means the company should continue to be able to cover its $5.68 annual dividend with an expected future payout ratio of 26.3%.

Hubbell Trading Up 0.4%

NYSE:HUBB opened at $476.95 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $25.36 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95. The firm’s 50 day moving average is $503.61 and its 200 day moving average is $481.59. Hubbell has a 12 month low of $374.68 and a 12 month high of $565.50.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts expect that Hubbell will post 19.83 earnings per share for the current year.

Wall Street Analyst Weigh In

HUBB has been the topic of a number of research reports. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, May 12th. Evercore boosted their target price on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Mizuho set a $575.00 target price on shares of Hubbell in a report on Wednesday, February 4th. Stephens boosted their target price on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company boosted their target price on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

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.