Hubbell (NYSE:HUBB) Stock Price Target Raised at JPMorgan Chase & Co.

Hubbell (NYSE:HUBB) had its target price lifted by analysts at JPMorgan Chase & Co. from $485.00 to $486.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 11.95% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Wells Fargo & Company dropped their price objective on Hubbell from $531.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday. Seaport Research Partners restated a “buy” rating and set a $580.00 target price on shares of Hubbell in a research report on Wednesday, September 30th. Mizuho set a $515.00 target price on shares of Hubbell in a research note on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Finally, Evercore reiterated an “outperform” rating and set a $630.00 price target on shares of Hubbell in a research report on Friday, October 9th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $546.00.

Hubbell Trading Down 0.0%

Shares of NYSE HUBB traded down $0.15 during midday trading on Wednesday, hitting $434.13. The stock had a trading volume of 662,616 shares, compared to its average volume of 581,632. The firm has a market cap of $22.94 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.23 and a beta of 0.85. Hubbell has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The company’s 50-day simple moving average is $461.92 and its 200 day simple moving average is $488.34.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $5.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $0.16. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.17 earnings per share. Research analysts anticipate that Hubbell will post 20.50 EPS for the current year.

Insider Activity

In related news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hubbell

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LP bought a new stake in Hubbell during the second quarter worth about $4,254,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Hubbell in the second quarter valued at approximately $7,648,000. Swedbank AB grew its stake in Hubbell by 19.2% in the first quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock valued at $15,890,000 after purchasing an additional 5,218 shares in the last quarter. NewEdge Wealth LLC bought a new position in Hubbell in the second quarter valued at approximately $745,000. Finally, Royal London Asset Management Ltd. increased its position in shares of Hubbell by 25.9% during the 2nd quarter. Royal London Asset Management Ltd. now owns 380,948 shares of the industrial products company’s stock worth $199,312,000 after purchasing an additional 78,357 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell News Roundup

Here are the key news stories impacting Hubbell this week:

• Positive Sentiment: Hubbell reported third-quarter adjusted EPS of $5.91, ahead of 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: Management raised full-year adjusted EPS guidance to $20.40-$20.60 and increased its Electrical Solutions organic-growth outlook to 17%-18%. The company also highlighted strong data-center demand, including a reported 51% segment increase, supporting the growth outlook. Hubbell raises 2026 EPS and Electrical Solutions outlook
• Positive Sentiment: Robert W. Baird maintained an “outperform” rating, indicating confidence in Hubbell’s long-term prospects, although it reduced its price target from $550 to $540. Robert W. Baird Hubbell rating
• Neutral Sentiment: The earnings call and related coverage emphasized continued demand from grid modernization and data centers, but investors are evaluating whether that growth is already reflected in Hubbell’s valuation.
• Negative Sentiment: The stock fell despite the earnings beat because the raised guidance was viewed as broadly in line with Wall Street expectations rather than a material upward surprise. This muted the positive impact of the strong quarter and may have prompted profit-taking. Hubbell sinks despite Q3 beat

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.