Hubbell Inc (HUBB) To Go Ex-Dividend on February 27th

Hubbell Inc (NYSE:HUBB) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Friday, February 27th will be given a dividend of 1.42 per share by the industrial products company on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th.

Hubbell has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Hubbell has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hubbell to earn $18.96 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 30.0%.

Hubbell Trading Up 0.4%

Shares of NYSE HUBB traded up $2.05 during trading on Wednesday, reaching $528.80. The stock had a trading volume of 109,096 shares, compared to its average volume of 564,392. Hubbell has a fifty-two week low of $299.42 and a fifty-two week high of $533.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The business’s 50-day moving average price is $482.83 and its 200-day moving average price is $452.39. The company has a market cap of $28.11 billion, a P/E ratio of 31.72, a PEG ratio of 2.61 and a beta of 1.02.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.Hubbell’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities research analysts predict that Hubbell will post 17.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley set a $515.00 target price on shares of Hubbell in a research note on Wednesday, January 7th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Monday, February 16th. Evercore increased their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a report on Friday, December 12th. Finally, Wells Fargo & Company upped their price target on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $529.75.

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.