Hubbell Inc $HUBB Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in Hubbell Inc (NYSE:HUBB) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,952 shares of the industrial products company’s stock after selling 1,014 shares during the period. Pictet Asset Management Holding SA owned approximately 0.06% of Hubbell worth $14,634,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Hubbell in the 3rd quarter worth $162,309,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Hubbell by 15.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after purchasing an additional 226,856 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Hubbell by 355.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after purchasing an additional 173,668 shares during the period. Boston Partners boosted its position in shares of Hubbell by 30.7% in the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock valued at $316,521,000 after purchasing an additional 172,990 shares during the period. Finally, Merewether Investment Management LP acquired a new position in shares of Hubbell in the 2nd quarter valued at $68,164,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insider Buying and Selling

In other news, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the transaction, the insider owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gerben Bakker sold 25,233 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,689 shares of company stock valued at $17,407,395 in the last three months. 0.63% of the stock is currently owned by corporate insiders.

Hubbell Price Performance

NYSE HUBB opened at $508.30 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $27.02 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. Hubbell Inc has a 12-month low of $346.07 and a 12-month high of $565.50. The company has a 50 day moving average price of $508.77 and a two-hundred day moving average price of $476.92.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities analysts predict that Hubbell Inc will post 19.79 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio is presently 34.07%.

Key Hubbell News

Here are the key news stories impacting Hubbell this week:

• Positive Sentiment: Wells Fargo raised its price target on HUBB to $560 (from $530) and assigned an “overweight” rating, implying roughly a double-digit upside from current levels — a notable analyst endorsement that can attract momentum buyers. Read More.
• Positive Sentiment: Management set FY2026 adjusted EPS guidance of $19.30–$19.85 and raised its sales growth outlook to 8%–11%, signaling confidence in revenue expansion and margin sustainability for the year. That guidance aligns with street expectations and reduces forecast uncertainty. Read More.
• Positive Sentiment: Q1 results beat: EPS of $3.93 vs. $3.87 expected and revenue of $1.52B vs. $1.50B expected; revenue was +11.1% YoY and margins/ROE remain strong — concrete evidence the business is executing. Read More.
• Positive Sentiment: Management’s earnings call emphasized a “confident growth path,” reinforcing the upbeat guidance and giving investors more color on end-market demand and product momentum. Read More.
• Neutral Sentiment: Wider coverage and analysis (earnings transcripts and analyst write-ups) are being published today, providing detail for investors but no new material surprises beyond the beat and guidance. Read More.
• Neutral Sentiment: Multiple outlets (Zacks, Kalkine, MarketBeat) note the quarter’s metrics and guidance; these pieces may help reaffirm the view but are largely confirmatory. Read More.

Analysts Set New Price Targets

HUBB has been the topic of several recent analyst reports. Barclays boosted their price objective on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Wells Fargo & Company lifted their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley boosted their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Evercore upped their price target on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $537.25.

Hubbell Company Profile

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.