Hubbell (NYSE:HUBB) Given New $560.00 Price Target at Wells Fargo & Company

Hubbell (NYSE:HUBB) had its price objective upped by stock analysts at Wells Fargo & Company from $530.00 to $560.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 7.81% from the company’s previous close.

A number of other research firms also recently issued reports on HUBB. Stephens restated an “overweight” rating and set a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Evercore raised their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Morgan Stanley boosted their target price on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Hubbell has an average rating of “Moderate Buy” and a consensus target price of $537.25.

Hubbell Stock Performance

Shares of HUBB stock traded up $11.26 on Friday, reaching $519.43. The stock had a trading volume of 43,214 shares, compared to its average volume of 559,539. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. Hubbell has a 1 year low of $346.07 and a 1 year high of $565.50. The stock has a market cap of $27.61 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 2.76 and a beta of 1.00. The company has a 50 day simple moving average of $508.77 and a 200 day simple moving average of $476.92.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. Hubbell’s revenue for the quarter was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts expect that Hubbell will post 19.79 EPS for the current year.

Insider Buying and Selling at Hubbell

In other news, insider Mark Eugene Mikes sold 2,601 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the sale, the insider owned 2,592 shares of the company’s stock, valued at $1,357,508.16. The trade was a 50.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 34,689 shares of company stock worth $17,407,395. 0.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hubbell

A number of hedge funds have recently modified their holdings of HUBB. Wellington Management Group LLP grew its position in shares of Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after acquiring an additional 1,468,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Hubbell during the 3rd quarter valued at $162,309,000. Boston Partners lifted its stake in shares of Hubbell by 37.8% during the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after buying an additional 278,649 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Hubbell by 15.9% during the 3rd 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 buying an additional 226,856 shares in the last quarter. Finally, Troy Asset Management Ltd lifted its stake in shares of Hubbell by 60.7% during the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after buying an additional 208,327 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Key Hubbell News

Here are the key news stories impacting Hubbell this week:

• Positive Sentiment: Q1 results beat expectations — Hubbell reported EPS of $3.93 vs. consensus ~$3.87 and revenue of $1.52B vs. ~$1.50B, with revenue up ~11% year?over?year; beats support the near?term equity move. Hubbell Q1 results press release / transcript
• Positive Sentiment: Raised FY?2026 guidance and sales growth outlook — Management set adjusted EPS guidance of $19.30–$19.85 and raised sales growth guidance to 8%–11%; revenue guidance of $6.3B–$6.5B was reiterated/updated, supporting the bullish reaction. Hubbell targets $19.30-$19.85 adjusted EPS in 2026
• Neutral Sentiment: Earnings call emphasized confident, steady growth — Management highlighted strength in electrical end markets and data?center demand while outlining the path to the raised targets; call commentary reduces uncertainty but execution risk remains. Hubbell B Earnings Call Signals Confident Growth Path
• Neutral Sentiment: Sector and segment commentary point to steady electrical demand — Analysts/coverage note steady growth in the electrical business and data?center exposure, which supports medium?term topline but is not an immediate guarantee of margin expansion. Hubbell Signals Steady Growth In Electrical Sector
• Negative Sentiment: Cost and margin questions remain — Some coverage flags that rising costs could offset gains from data?center strength; investors should watch margin trends in upcoming quarters to confirm the quality of the beat. Hubbell earnings on deck: Can data center gains offset costs?

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.