Hubbell Inc Announces Quarterly Dividend of $1.42 (NYSE:HUBB)

Hubbell Inc (NYSE:HUBB) announced a quarterly dividend on Friday, July 24th. Investors of record on Monday, August 31st will be paid a dividend of 1.42 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st.

Hubbell has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 17 years. Hubbell has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hubbell to earn $22.36 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 25.4%.

Hubbell Price Performance

HUBB opened at $459.86 on Friday. The firm has a market cap of $24.29 billion, a P/E ratio of 27.23, a PEG ratio of 2.30 and a beta of 0.90. The firm has a 50-day moving average of $491.58 and a 200 day moving average of $497.43. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. Hubbell has a fifty-two week low of $403.82 and a fifty-two week high of $565.50.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.39 by $0.13. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, research analysts expect that Hubbell will post 20.41 EPS for the current year.

Insider Buying and Selling at Hubbell

In related news, VP Nero Jonathan M. Del sold 547 shares of Hubbell stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the transaction, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hubbell

Large investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. grew its stake in shares of Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after buying an additional 33 shares during the last quarter. Raiffeisen Bank International AG boosted its holdings in Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Schuylkill Financial LLC purchased a new stake in shares of Hubbell in the second quarter worth $30,000. Leonteq Securities AG bought a new position in shares of Hubbell during the first quarter valued at $33,000. Finally, DV Equities LLC bought a new position in Hubbell in the 4th quarter worth about $33,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

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.