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Hubbell Incorporated HUBB - News Analyzed: 2,861 - Last Week: 82 - Last Month: 477

⇗ Hubbell Incorporated (HUBB) Sees Mixed Investor Activity; Announces Intent to Purchase Aclara Technologies and Increase in Dividend

Hubbell Incorporated (HUBB) Sees Mixed Investor Activity; Announces Intent to Purchase Aclara Technologies and Increase in Dividend
SPX Gestao de Recursos Ltda, Geode Capital Management LLC, Unigestion Holding SA, National Bank of Canada FI, and several other investors have purchased new shares in Hubbell Incorporated (NYSE:HUBB) while Barclays PLC, Wellington Management Group LLP and Orion Portfolio Solutions LLC decreased their positions. Meanwhile, Hubbell announces a 8% dividend increase and its dividend was set higher than last year. Despite Hubbell's strong financial health, some analysts predict an undervaluing while others are bullish considering its potential. Maven Securities LTD, Temasek Holdings Private Ltd and others are investing in Hubbell and the company is elevating its utility expertise by recruiting CMS Energy CEO Rochow to its board. Hubbell's recent Q1 2024 earnings call transcript shows growth, with its Q2 2024 EPS beating estimates. The company announced its intention of buying infrastructure solutions provider, Aclara Technologies for US$1.1bn in cash, demonstrating strategic growth tactics and potential innovations.

Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Sat, 14 Dec 2024 16:28:19 GMT - Rating 5 - Innovation 7 - Information 8 - Rumor -2

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