Hubbell Incorporated (NYSE:HUBB) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $137.40.

A number of research analysts recently weighed in on the company. JMP Securities set a $146.00 price objective on Hubbell and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Saturday. Morgan Stanley raised their price objective on Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a research note on Wednesday, July 10th. Finally, Stephens assumed coverage on Itron in a research report on Monday, July 8th. They issued an “equal weight” rating and a $64.00 price target on the stock.

Shares of NYSE:HUBB traded down $0.75 during midday trading on Monday, reaching $127.25. The company had a trading volume of 221,693 shares, compared to its average volume of 337,130. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.16 and a current ratio of 1.95. Hubbell has a 1-year low of $91.88 and a 1-year high of $137.67. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. The company has a fifty day simple moving average of $123.98.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.02. Hubbell had a return on equity of 23.09% and a net margin of 8.17%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $1.39 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Hubbell will post 8.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Thursday, May 30th. Hubbell’s dividend payout ratio is 46.09%.

In other Hubbell news, VP Stephen M. Mais sold 2,243 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $129.69, for a total value of $290,894.67. Following the transaction, the vice president now owns 17,983 shares of the company’s stock, valued at $2,332,215.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rodd Richard Ruland sold 2,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $129.98, for a total value of $259,960.00. The disclosure for this sale can be found here. In the last three months, insiders sold 19,177 shares of company stock worth $2,477,468. Insiders own 2.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HUBB. Nisa Investment Advisors LLC increased its holdings in Hubbell by 7.1% in the second quarter. Nisa Investment Advisors LLC now owns 9,100 shares of the industrial products company’s stock valued at $1,187,000 after purchasing an additional 600 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Hubbell by 125.0% in the second quarter. CENTRAL TRUST Co now owns 360 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 200 shares during the last quarter. American Century Companies Inc. increased its holdings in Hubbell by 3.6% in the first quarter. American Century Companies Inc. now owns 4,625,574 shares of the industrial products company’s stock valued at $545,725,000 after purchasing an additional 161,847 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in Hubbell by 0.7% in the first quarter. Sit Investment Associates Inc. now owns 31,800 shares of the industrial products company’s stock valued at $3,752,000 after purchasing an additional 225 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in Hubbell by 83.8% in the first quarter. Citigroup Inc. now owns 38,843 shares of the industrial products company’s stock valued at $4,582,000 after purchasing an additional 17,714 shares during the last quarter. Institutional investors own 85.59% of the company’s stock.

About Hubbell

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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Analyst Recommendations for Hubbell (NYSE:HUBB)

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