Hubbell Inc $HUBB Stake Lowered by Cadinha & Co. LLC

Key Points

• Cadinha & Co. LLC reduced its Hubbell stake by 89.3% in the third quarter, selling 29,697 shares and retaining 3,572 shares valued at approximately $1.62 million. Institutional investors and hedge funds collectively own 88.16% of Hubbell.
• Hubbell reported quarterly earnings of $5.52 per share, exceeding estimates of $5.39, while revenue rose 15.3% year over year to $1.71 billion. The company guided to fiscal 2026 EPS of $20.25–$20.55.
• The stock opened at $445.19, below its 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $552.67.

Cadinha & Co. LLC cut its stake in Hubbell Inc (NYSE:HUBB - Free Report) by 89.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,572 shares of the industrial products company's stock after selling 29,697 shares during the period. Cadinha & Co. LLC's holdings in Hubbell were worth $1,620,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its position in shares of Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company's stock valued at $26,000 after buying an additional 33 shares in the last quarter. Schuylkill Financial LLC purchased a new stake in shares of Hubbell in the 2nd quarter worth about $30,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Hubbell in the 2nd quarter worth about $35,000. Leonteq Securities AG purchased a new stake in shares of Hubbell in the 1st quarter worth about $33,000. Finally, Fiduciary Financial Advisors acquired a new stake in Hubbell in the 2nd quarter valued at about $37,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

NYSE:HUBB opened at $445.19 on Friday. 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 firm has a market cap of $23.52 billion, a PE ratio of 26.36, a P/E/G ratio of 2.29 and a beta of 0.85. The firm has a 50 day simple moving average of $464.64 and a 200-day simple moving average of $487.25. Hubbell Inc has a 1-year low of $403.82 and a 1-year high of $565.50.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.39 by $0.13. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. Hubbell's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities analysts expect that Hubbell Inc will post 20.50 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Robert W. Baird began coverage on shares of Hubbell in a report on Thursday, August 20th. They set an "outperform" rating and a $550.00 target price for the company. Sanford C. Bernstein restated an "outperform" rating on shares of Hubbell in a research report on Wednesday, July 29th. Wells Fargo & Company assumed coverage on shares of Hubbell in a report on Thursday, September 24th. They issued an "equal weight" rating and a $531.00 price target on the stock. Seaport Research Partners reissued a "buy" rating and set a $580.00 price objective on shares of Hubbell in a research note on Wednesday, September 30th. Finally, Weiss Ratings upgraded Hubbell from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $552.67.

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 value of $283,652.32. Following the sale, the vice president directly owned 2,933 shares of the company's stock, valued at approximately $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 at the SEC website. 0.63% of the stock is currently owned by corporate insiders.

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.

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