Hubbell Incorporated (HUBB) EPS Estimated At $1.43

The original version of this report can be read at Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of "Hold" and an average target price of $122.00. JMP Securities assumed coverage on shares of Hubbell in a report on Monday, June 19th. They issued a "market perform" rating for the company. Zacks Investment Research downgraded shares of Hubbell from a "buy" rating to a "hold" rating in a report on Thursday, April 27th. Finally, Wolfe Research assumed coverage on shares of Hubbell in a research note on Tuesday.

Hubbell Inc (NYSE:HUBB) opened at 114.08 on Tuesday. 212,799 shares of the company's stock were exchanged. The firm has a market capitalization of $6.25 billion, a P/E ratio of 21.44 and a beta of 1.01. The company has a 50-day moving average of $115.28 and a 200-day moving average of $117.89. Hubbell has a 52 week low of $97.35 and a 52 week high of $125.93.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, April 25th. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The firm had revenue of $852.30 million during the quarter, compared to analyst estimates of $848.70 million. The business's revenue was up 2.1% on a year-over-year basis. Next quarter's EPS is expected be $1.59 and the next full year EPS is anticipated to be $6.07. "Continues to Hold Position in Hubbell Inc (NYSE:HUBB)" was first posted by The Cerbat Gem and is owned by of The Cerbat Gem.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.70 per share. This dividend amount was represent a yeild of $2.45. The ex-dividend date was Friday, May 26th. Hubbell's dividend payout ratio (DPR) is now 52.83%.

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Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Hubbell by 4.7% in the first quarter. Russell Investments Group Ltd. acquired a new stake in Hubbell during the fourth quarter valued at about $3,511,000. Dimensional Fund Advisors LP raised its stake in shares of Hubbell by 0.5% in the fourth quarter. Finally, Guggenheim Capital LLC boosted its stake in Hubbell by 1.5% in the fourth quarter. First Trust Advisors LP now owns 317,431 shares of the industrial products company's stock valued at $38,108,000 after buying an additional 87,776 shares during the period. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.11 by $0.12. Boston Partners increased its stake in shares of Hubbell by 12.9% in the first quarter. Boston Partners now owns 1,100,419 shares of the industrial products company's stock valued at $132,105,000 after buying an additional 125,457 shares during the period. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.