Hubbell Inc $HUBB Stock Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC cut its position in Hubbell Inc (NYSE:HUBB) by 38.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,964 shares of the industrial products company’s stock after selling 35,541 shares during the quarter. Smith Group Asset Management LLC owned about 0.11% of Hubbell worth $25,839,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Hubbell in the second quarter valued at approximately $2,455,986,000. Bank of New York Mellon Corp bought a new stake in shares of Hubbell during the second quarter valued at approximately $783,142,000. Deutsche Bank AG bought a new stake in shares of Hubbell during the second quarter valued at approximately $610,053,000. Bank of America Corp DE acquired a new position in shares of Hubbell during the second quarter worth approximately $204,918,000. Finally, Man Group plc acquired a new position in shares of Hubbell during the second quarter worth approximately $179,698,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBB has been the subject of a number of recent analyst reports. Weiss Ratings raised Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Mizuho set a $515.00 target price on Hubbell in a research report on Wednesday. Wells Fargo & Company cut their target price on Hubbell from $531.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Morgan Stanley set a $600.00 price target on Hubbell in a research report on Friday, October 16th. Finally, Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $546.00.

Hubbell Stock Performance

Shares of HUBB opened at $437.34 on Thursday. The firm has a market capitalization of $23.10 billion, a PE ratio of 25.89, a P/E/G ratio of 2.23 and a beta of 0.85. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average price of $460.98 and a 200 day moving average price of $488.23. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $5.91 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $0.16. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. Hubbell’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $5.17 EPS. On average, sell-side analysts anticipate that Hubbell Inc will post 20.50 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $1.52 dividend. This represents a $6.08 annualized dividend and a dividend yield of 1.4%. This is a boost from Hubbell’s previous quarterly dividend of $1.42. The ex-dividend date is Monday, November 30th. Hubbell’s payout ratio is 33.63%.

Insider Activity at Hubbell

In related news, VP Jonathan Del Nero sold 547 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president owned 2,933 shares in the company, valued at $1,520,936.48. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.63% of the stock is owned by corporate insiders.

Hubbell News Summary

Here are the key news stories impacting Hubbell this week:

• Positive Sentiment: Hubbell reported third-quarter adjusted EPS of $5.91, above the $5.75 consensus estimate, while revenue reached $1.87 billion versus expectations of $1.85 billion. Revenue increased 24.6% year over year, and EPS rose from $5.17 in the prior-year quarter. Hubbell Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: The company raised its full-year 2026 adjusted EPS outlook to $20.40–$20.60 and increased its Electrical Solutions organic-growth forecast to 17%–18%. Strength in data-center and grid-related demand is supporting the outlook. Hubbell Raises 2026 Outlook
• Positive Sentiment: Robert W. Baird maintained an “outperform” rating and lowered its price target modestly from $550 to $540, still implying substantial upside from recent trading levels. Robert W. Baird Hubbell Ratings
• Neutral Sentiment: JPMorgan raised its price target from $485 to $486 but retained a “neutral” rating, signaling limited conviction despite a target above the current share price. JPMorgan Hubbell Ratings
• Negative Sentiment: The stock fell after earnings because the raised outlook was viewed as broadly in line with analyst expectations rather than a major upside surprise. With Hubbell trading at roughly 26 times earnings, investors may also be demanding stronger guidance or accelerating growth.

Hubbell Company Profile

Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.

Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.

Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.