Wells Fargo & Company Cuts Hubbell (NYSE:HUBB) Price Target to $530.00

Key Points

• Wells Fargo cut its price target on Hubbell to $530 (from $550) while keeping an "overweight" rating, implying roughly a 5.6% upside; the consensus analyst target is about $533.50 with an average rating of "Moderate Buy."
• Hubbell beat Q4 estimates with $4.73 EPS (vs. $4.70 expected) and $1.49B revenue (up 11.9% year-over-year), and issued FY2026 guidance of $19.15–$19.85 EPS.
• Insiders have been net sellers, disposing of 34,689 shares (~$17.4M) in the past three months; institutions own roughly 88.2% of the stock.

Hubbell (NYSE:HUBB - Get Free Report) had its price target decreased by equities researchers at Wells Fargo & Company from $550.00 to $530.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the industrial products company's stock. Wells Fargo & Company's price target would indicate a potential upside of 5.60% from the stock's previous close.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Hubbell from $478.00 to $532.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 4th. UBS Group reaffirmed a "neutral" rating and issued a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Mizuho set a $575.00 price objective on shares of Hubbell in a report on Wednesday, February 4th. Evercore raised their target price on Hubbell from $575.00 to $585.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley boosted their price target on Hubbell from $515.00 to $565.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 11th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $533.50.

Hubbell Stock Up 2.3%

Shares of Hubbell stock traded up $11.17 during trading on Wednesday, reaching $501.91. The company's stock had a trading volume of 112,789 shares, compared to its average volume of 570,782. Hubbell has a 1-year low of $299.42 and a 1-year high of $533.80. The company has a 50-day simple moving average of $496.08 and a two-hundred day simple moving average of $461.60. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The company has a market cap of $26.68 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.39 and a beta of 1.00.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating analysts' consensus estimates of $4.70 by $0.03. The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The firm's revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities analysts forecast that Hubbell will post 17.63 earnings per share for the current year.

Insider Buying and Selling at Hubbell

In related news, 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 completion of the transaction, the vice president directly owned 14,913 shares in the company, valued at $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the company's stock in a transaction 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 completion of the sale, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 34,689 shares of company stock worth $17,407,395. 0.76% of the stock is currently owned by company insiders.

Institutional Trading of Hubbell

Several hedge funds and other institutional investors have recently bought and sold shares of HUBB. Thurston Springer Miller Herd & Titak Inc. boosted its position in Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company's stock worth $25,000 after purchasing an additional 34 shares in the last quarter. NBT Bank N A NY acquired a new position in shares of Hubbell in the 4th quarter valued at $27,000. Raiffeisen Bank International AG lifted its stake in shares of Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 30 shares during the period. Hantz Financial Services Inc. boosted its holdings in Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company's stock worth $30,000 after buying an additional 41 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company's stock worth $31,000 after buying an additional 27 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

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.

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