Hubbell Incorporated (HUBB) is seeing significant activity in its share trading. Various institutions such as Forsta AP Fonden, ABN Amro Investment Solutions, PFG Advisors, Impax Asset Management Group plc, and Factory Mutual Insurance Co., amongst others, have been adjusting their stakes in HUBB, indicative of notable interest in the stock. Seaport Research has raised the price target on Hubbell to $515 maintaining a buy rating.
Hubbell recently priced $400M senior notes due in 2035, and funds obtained will be directed towards the redemption process. It has also announced a promising 8% increase in its common stock dividend rate.
Significant attention should be paid to Hubbell's strong quarterly results and boosted earnings guidance for 2025. Recently, an agreement to acquire DMC Power, a power infrastructure deal worth $600M, affirming 350 new job opportunities across two US plants, stands out as a strategic highlight. Jim Cramer endorses HUBB as a “Fantastic American Industrial Company”.
An 8% dividend hike represents a solid move to reward shareholders. Reports indicate good earnings growth, strong EPS and enhanced net margins, with a positive review from the marketplace suggesting that HUBB's strong fundamentals may make it a quality value position.
Hubbell Incorporated HUBB News Analytics from Thu, 06 Mar 2025 08:00:00 GMT to Sat, 15 Nov 2025 11:38:04 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor -2
