Hubbell Inc (NYSE:HUBB) Receives Consensus Rating of "Hold" from Analysts

Hubbell reported sales of $908.80 million in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. Zacks' sales averages are a mean average based on a survey of research analysts that cover Hubbell.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, April 25th. The business had revenue of $852.30 million during the quarter, compared to the consensus estimate of $848.70 million. On average, equities analysts expect that Hubbell Inc will post $5.49 EPS for the current year. Hubbell's revenue for the quarter was up 2.1% on a year-over-year basis. JMP Securities assumed coverage on shares of Hubbell in a report on Monday, June 19th. 26,248 shares of the stock traded hands. Hubbell Inc has a 52 week low of $101.15 and a 52 week high of $125.93. The stock's 50-day moving average price is $115.28 and its 200-day moving average price is $117.89. The company has a market capitalization of $6.28 billion, a P/E ratio of 21.55 and a beta of 1.01.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a $0.70 dividend. The ex-dividend date is Friday, May 26th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.45%. Hubbell's dividend payout ratio (DPR) is now 52.83%.

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Institutional investors have recently modified their holdings of the stock. Comerica Bank raised its stake in shares of Hubbell by 7.2% in the fourth quarter. The firm owned 491,140 shares of the industrial products company's stock after buying an additional 34,258 shares during the period. TLP Group LLC bought a new stake in Hubbell during the first quarter worth about $126,000.

UBS Asset Management Americas Inc. raised its stake in shares of Hubbell Inc (NYSE:HUBB) by 19.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. Dimensional Fund Advisors LP now owns 335,162 shares of the industrial products company's stock valued at $39,115,000 after buying an additional 1,658 shares during the last quarter. BlackRock Inc. raised its stake in Hubbell by 10,789.9% in the first quarter. The firm owned 33,697 shares of the industrial products company's stock after buying an additional 5,558 shares during the period. Seven Eight Capital LP purchased a new position in Hubbell during the fourth quarter worth approximately $105,000. The industrial products company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.11 by $0.12.

Several other hedge funds also recently added to or reduced their stakes in HUBB. Zacks Investment Research downgraded Hubbell from a "buy" rating to a "hold" rating in a research note on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The average 12 month price objective among brokerages that have issued ratings on the stock in the a year ago is $117.00. Bain Capital Public Equity Management LLC acquired a new stake in shares of Hubbell during the fourth quarter valued at about $15,350,000.

On January 7, 2016 the stock rating was set at "Neutral" in a report from JP Morgan which was a cut from the previous "Overweight" rating.

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