Principal Financial Group has increased its holdings in
Hubbell Incorporated (HUBB) and others like
B. Riley Wealth Advisors,
State Street Corp,
Virtu Financial, and
Integrated Wealth Concepts have also taken new positions.
Barclays PLC. and
Wellington Management Group however have made sell-offs. Hubbell released its
Q3 2024 results that showed a promising performance. The
dividend has increased by 8% which has sparked new investments e.g. by
SPX Gestao de Recursos Ltda. The recent stock performance is considered to reflect the company's impressive
financial health. Additionally, many brokers have set the PT for HUBB at $457.22 indicating a bullish theory. There are speculations if the recent performance was due to the company's attractive financial prospects. Notably, Hubbell has strengthened its utility expertise by appointing
CMS Energy CEO Rochow to Board. Meanwhile, insiders are demonstrating hesitancy, initiating alarm for potential shareholders. An agreement with
Comvest Partners to sell Systems Control to Hubbell has been successfully completed. However, its Q3 sales were below analyst estimates which resulted in its stock rating being lowered by
StockNews.com.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Sat, 21 Dec 2024 18:02:05 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 5
