Hubbell Inc (NYSE:HUBB) Declares $1.42 Quarterly Dividend

Hubbell Inc (NYSE:HUBB) announced a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 29th will be paid 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 of this dividend is Friday, May 29th.

Hubbell has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 17 years. Hubbell has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. 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%

Shares of Hubbell stock opened at $476.95 on Wednesday. Hubbell has a 12-month low of $374.68 and a 12-month high of $565.50. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.39 and a beta of 0.95. 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 company’s 50-day moving average price is $503.61 and its 200-day moving average price is $481.59.

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

Wall Street Analyst Weigh In

HUBB has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company upped their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Evercore upped their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley upped their price objective on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Barclays upped their price objective on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.