Hubbell Incorporated, a renowned player in the electrical and electronics market, has seen multiple developments recently. The firm announced a considerable
8% dividend increase, signifying continued growth and financial stability. Notably,
Boston Trust Walden Corp and
Jade Capital Advisors LLC have lowered their stock positions, while
International Assets Investment Management LLC and several others have augmented theirs. Analysts anticipate Hubbell's share prices to rise, with a
target price set at
$423.13. The company has recently reported strong
second quarter 2024 results and declared plans to release its
third quarter 2024 results. Hubbell is set to present at the upcoming Moregan Stanley Conference, and has received both upgrades and downgrades, including a hike to Buy at
Deutsche Bank. Notably, the company's successful acquisitions and restructuring efforts could potentially enhance its free cash flow growth. In terms of insider activity, Hubbell insiders recently sold off
US$8.1m in stock, which may signal caution.
In a significant development,
Comvest Partners has completed the sale of Systems Control to Hubbell, indicating expansion of Hubbell's portfolio. Furthermore, Hubbell has announced a change in segment leadership reflecting the pursuit of growth and innovation.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Sat, 26 Oct 2024 16:35:53 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor 0
