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

Key Points

• Wells Fargo raised its price target on Hubbell to $560 (from $530) and maintained an "overweight" rating, implying about a 7.8% upside
• Hubbell beat Q1 estimates (EPS $3.93 vs. $3.87; revenue $1.52B, +11.1% YoY) and set FY‑2026 guidance of $19.30–$19.85 adjusted EPS with sales growth of 8%–11%, supporting the recent share-strength.
• Insiders have been selling recently — including CEO Gerben Bakker's sale of 25,233 shares (~$12.6M) — which reduces his stake ~28% and may concern some investors despite heavy institutional ownership (~88%).

Hubbell (NYSE:HUBB - Get Free Report) had its target price raised by equities researchers at Wells Fargo & Company from $530.00 to $560.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the industrial products company's stock. Wells Fargo & Company's price objective would suggest a potential upside of 7.81% from the stock's previous close.

HUBB has been the subject of several other reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Hubbell in a report on Thursday, January 22nd. Evercore lifted their target price on shares of Hubbell from $575.00 to $585.00 and gave the company an "outperform" rating in a report on Wednesday, February 4th. Barclays lifted their target price on shares of Hubbell from $465.00 to $481.00 and gave the company an "equal weight" rating in a report on Wednesday, February 4th. Morgan Stanley lifted their target price 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. Finally, Stephens reiterated an "overweight" rating and set a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $537.25.

Hubbell Stock Up 2.2%

HUBB traded up $11.26 on Friday, hitting $519.43. The company had a trading volume of 43,214 shares, compared to its average volume of 559,539. The stock has a fifty day simple moving average of $508.77 and a 200-day simple moving average of $476.92. Hubbell has a 52-week low of $346.07 and a 52-week high of $565.50. The firm has a market capitalization of $27.61 billion, a P/E ratio of 31.12, a P/E/G ratio of 2.76 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00.

Hubbell (NYSE:HUBB - Get Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.06. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $3.50 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities analysts expect that Hubbell will post 19.79 EPS for the current fiscal year.

Insider Activity

In related news, 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 transaction of $12,590,510.01. Following the completion of the sale, the chief executive officer owned 64,420 shares of the company's stock, valued at $32,143,647.40. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the sale, the vice president directly owned 2,769 shares of the company's stock, valued at $1,386,161.40. This trade represents a 44.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,689 shares of company stock worth $17,407,395 over the last three months. 0.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hubbell

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Hubbell by 140.4% during the fourth 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 in the last quarter. State Street Corp increased its position in shares of Hubbell by 1.8% during the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company's stock valued at $1,022,593,000 after acquiring an additional 40,623 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position 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 acquiring an additional 226,856 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hubbell by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company's stock valued at $608,704,000 after acquiring an additional 10,898 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Hubbell by 5.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company's stock valued at $539,257,000 after acquiring an additional 60,071 shares in the last quarter. Institutional investors own 88.16% of the company's stock.

Hubbell News Summary

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?

About Hubbell

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.

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