Hubbell Incorporated (NYSE:HUBB) to Issue Quarterly Dividend of $0.91

Hubbell Incorporated (NYSE:HUBB) declared a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.91 per share by the industrial products company on Monday, December 16th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Wednesday, November 27th. This is a boost from Hubbell’s previous quarterly dividend of $0.84.

Shares of HUBB stock opened at $145.71 on Monday. The stock has a market cap of $7.90 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.95 and a beta of 1.50. The business has a fifty day simple moving average of $139.55 and a 200-day simple moving average of $129.77. Hubbell has a fifty-two week low of $91.88 and a fifty-two week high of $149.31. The company has a quick ratio of 1.33, a current ratio of 2.09 and a debt-to-equity ratio of 0.89.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.07. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Hubbell had a return on equity of 23.47% and a net margin of 8.34%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 EPS. On average, sell-side analysts anticipate that Hubbell will post 8.06 earnings per share for the current year.

In other Hubbell news, insider Rodd Richard Ruland sold 3,594 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.96, for a total value of $517,392.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Joseph Anthony Capozzoli sold 1,243 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $142.39, for a total value of $176,990.77. Following the completion of the sale, the vice president now directly owns 10,812 shares in the company, valued at $1,539,520.68. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

A number of research firms recently commented on HUBB. G.Research reiterated a “buy” rating on shares of Hubbell in a research report on Wednesday, August 21st. Morgan Stanley set a $138.00 price objective on Hubbell and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded Hubbell from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on Hubbell from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Gabelli began coverage on Hubbell in a research report on Wednesday, August 21st. They set a “buy” rating and a $160.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Hubbell presently has an average rating of “Buy” and a consensus target price of $146.67.

Hubbell Company Profile

Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market.

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Dividend History for Hubbell (NYSE:HUBB)

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