Hubbell Inc (HUBB) to Issue Quarterly Dividend of $1.42 on June 15th

Hubbell Inc (NYSE:HUBB) declared a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 29th will be given a dividend of 1.42 per share by the industrial products company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, May 29th.

Hubbell has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Hubbell has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Hubbell to earn $21.61 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 26.3%.

Hubbell Trading Up 0.4%

NYSE:HUBB opened at $476.95 on Wednesday. Hubbell has a fifty-two week low of $374.68 and a fifty-two week high of $565.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The stock has a market capitalization of $25.36 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95. The business’s 50-day simple moving average is $503.61 and its 200-day simple moving average is $481.59.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $3.50 EPS. Hubbell’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts expect that Hubbell will post 19.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HUBB. Envestnet Asset Management Inc. increased its holdings in shares of Hubbell by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 89,729 shares of the industrial products company’s stock worth $38,611,000 after acquiring an additional 3,542 shares during the last quarter. DNB Asset Management AS increased its holdings in shares of Hubbell by 4.9% during the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock worth $17,260,000 after acquiring an additional 1,832 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Hubbell by 64.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,879 shares of the industrial products company’s stock worth $1,669,000 after acquiring an additional 1,514 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Hubbell by 32.4% during the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock worth $7,372,000 after acquiring an additional 4,060 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Hubbell by 1.5% during the 4th quarter. Nordea Investment Management AB now owns 206,382 shares of the industrial products company’s stock worth $92,356,000 after acquiring an additional 2,983 shares during the last quarter. Institutional investors and hedge funds 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.