Investment companies West Oak Capital LLC and International Assets Investment Management have both reduced their stakes in Hubbell Incorporated (HUBB). Nonetheless, the company has seen shares acquired by Nordea Investment Management and asset increases by GAMMA Investing LLC and Everence Capital Management. The Q3 results for 2024 show positive outcomes, with consensus recommendations indicating a 'Hold' for HUBB. The company offers an increased dividend rate with an 8% rise, attracting investors seeking regular income. However, sales in Q3 fell below analyst estimates. Changes have also occurred within Hubbell's management, with new board member appointments and the resignation of Hubbell President Pete Lau. Comvest Partners has completed the sale of Systems Control to Hubbell, signaling a potential broadening of company operations. Interestingly, while there is evidence of insider selling, Hubbell's consistent dividend increases and overall financial health, indicated by their ability to manage debt, potentially make its shares undervalued.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Sat, 11 Jan 2025 13:01:39 GMT -
Rating 2
- Innovation 5
- Information 7
- Rumor -1
