Shares of Hubbell Inc (NYSE:HUBB) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $122.00.

A number of analysts have issued reports on HUBB shares. BidaskClub upgraded shares of Hubbell from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Hubbell from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Wednesday, September 27th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $132.00 price target (up from $130.00) on shares of Hubbell in a report on Monday, October 2nd.

In related news, insider Gerben Bakker sold 590 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $125.34, for a total transaction of $73,950.60. Following the transaction, the insider now directly owns 13,249 shares in the company, valued at approximately $1,660,629.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.28% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Hubbell by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,545,258 shares of the industrial products company’s stock valued at $514,386,000 after buying an additional 89,275 shares during the period. BlackRock Inc. lifted its position in shares of Hubbell by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,282,003 shares of the industrial products company’s stock worth $484,595,000 after purchasing an additional 57,699 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Hubbell by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,027,573 shares of the industrial products company’s stock worth $234,915,000 after purchasing an additional 25,710 shares during the period. American Century Companies Inc. lifted its position in shares of Hubbell by 3.8% in the 3rd quarter. American Century Companies Inc. now owns 1,770,634 shares of the industrial products company’s stock worth $205,429,000 after purchasing an additional 64,779 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Hubbell by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,691,911 shares of the industrial products company’s stock worth $191,474,000 after purchasing an additional 122,855 shares during the period. 85.21% of the stock is owned by institutional investors.

Hubbell (NYSE:HUBB) opened at $130.75 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 2.28. Hubbell has a one year low of $109.32 and a one year high of $131.68. The firm has a market cap of $7,154.21, a price-to-earnings ratio of 22.79, a P/E/G ratio of 2.40 and a beta of 1.09.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.15. The company had revenue of $950.50 million for the quarter, compared to the consensus estimate of $960.28 million. Hubbell had a net margin of 7.96% and a return on equity of 19.69%. Hubbell’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. research analysts expect that Hubbell will post 5.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.77 dividend. The ex-dividend date is Wednesday, November 29th. This is an increase from Hubbell’s previous quarterly dividend of $0.70. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.36%. Hubbell’s payout ratio is 59.34%.

Hubbell declared that its Board of Directors has approved a stock repurchase plan on Friday, October 20th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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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’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.

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