Hubbell Inc $HUBB Position Trimmed by Smith Group Asset Management LLC

Smith Group Asset Management LLC decreased its holdings in Hubbell Inc (NYSE:HUBB) by 38.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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’s holdings in Hubbell were worth $25,839,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Schuylkill Financial LLC acquired a new position in shares of Hubbell in the 2nd quarter worth $30,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Hubbell during the second quarter worth $35,000. Leonteq Securities AG acquired a new stake in shares of Hubbell during the first quarter worth $33,000. Fiduciary Financial Advisors purchased a new stake in shares of Hubbell during the second quarter valued at $37,000. Finally, Arlington Trust Co LLC lifted its holdings in shares of Hubbell by 83.7% during the second quarter. Arlington Trust Co LLC now owns 79 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

HUBB stock opened at $437.34 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The stock has a market cap of $23.10 billion, a P/E ratio of 25.89, a P/E/G ratio of 2.23 and a beta of 0.85. The firm has a 50 day simple moving average of $460.98 and a 200 day simple moving average 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 announced its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $5.91 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $0.16. The firm 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%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $5.17 earnings per share. Research analysts anticipate that Hubbell Inc will post 20.50 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $1.52 per share. This is an increase from Hubbell’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Monday, November 30th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 1.4%. Hubbell’s dividend payout ratio (DPR) is 33.63%.

Insider Activity

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction 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 completion of the sale, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by company insiders.

Trending Headlines about Hubbell

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.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HUBB. Seaport Research Partners reissued a “buy” rating and issued a $580.00 price target on shares of Hubbell in a research note on Wednesday, September 30th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Mizuho set a $515.00 target price on shares of Hubbell in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hubbell from $485.00 to $486.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $546.00.

About Hubbell

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.