Hubbell (NYSE:HUBB) Given New $565.00 Price Target at Morgan Stanley

Hubbell (NYSE:HUBB) had its target price lifted by Morgan Stanley from $515.00 to $565.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

HUBB has been the topic of a number of other research reports. Barclays upped their price target on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Stephens reaffirmed an “overweight” rating and issued a $550.00 price objective on shares of Hubbell in a research note on Thursday, February 5th. Wells Fargo & Company increased their target price on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their price target 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. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $536.00.

Hubbell Price Performance

HUBB stock opened at $477.96 on Wednesday. The company has a market capitalization of $25.41 billion, a P/E ratio of 28.67, a PEG ratio of 2.42 and a beta of 1.00. The company has a fifty day moving average price of $493.40 and a 200-day moving average price of $457.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. Hubbell has a 52-week low of $299.42 and a 52-week high of $533.80.

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

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

Insider Buying and Selling at Hubbell

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the sale, the vice president owned 2,769 shares in the company, valued at $1,386,161.40. This represents a 44.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the transaction, the vice president directly owned 14,913 shares in the company, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 34,689 shares of company stock valued at $17,407,395. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Hubbell by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock valued at $2,714,669,000 after acquiring an additional 21,508 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after acquiring an additional 1,468,701 shares in the last quarter. State Street Corp grew its stake in shares of Hubbell by 1.8% in the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after acquiring an additional 40,623 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Hubbell by 15.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after purchasing an additional 226,856 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Hubbell by 0.6% in the second quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after purchasing an additional 9,697 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

About Hubbell

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.