Hubbell (NYSE:HUBB) Price Target Cut to $540.00 by Analysts at Robert W. Baird

Hubbell (NYSE:HUBB) had its target price cut by equities researchers at Robert W. Baird from $550.00 to $540.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird‘s target price points to a potential upside of 24.22% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on HUBB. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. assumed coverage on shares of Hubbell in a research report on Tuesday, October 20th. They set a “neutral” rating and a $485.00 target price on the stock. Seaport Research Partners restated a “buy” rating and set a $580.00 target price on shares of Hubbell in a report on Wednesday, September 30th. Evercore reissued an “outperform” rating and set a $630.00 price objective on shares of Hubbell in a report on Friday, October 9th. Finally, Weiss Ratings upgraded Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $551.56.

Hubbell Stock Down 5.4%

Shares of NYSE HUBB opened at $434.72 on Wednesday. Hubbell has a 12 month low of $403.82 and a 12 month high of $565.50. The business has a fifty day simple moving average of $461.92 and a 200-day simple moving average of $488.34.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $5.91 earnings per share for the quarter, topping analysts’ consensus estimates of $5.75 by $0.16. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the business posted $5.17 EPS. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities research analysts forecast that Hubbell will post 20.50 EPS for the current year.

Insider Transactions at Hubbell

In related news, VP Jonathan Del Nero sold 547 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was 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 in the company, valued at $1,520,936.48. This represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hubbell

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Hubbell during the 2nd quarter valued at $2,455,986,000. Bank of New York Mellon Corp bought a new stake in Hubbell in the 2nd quarter valued at $783,142,000. Deutsche Bank AG acquired a new stake in Hubbell in the 2nd quarter worth $610,053,000. First Trust Advisors LP increased its holdings in shares of Hubbell by 26.9% during the 1st quarter. First Trust Advisors LP now owns 714,287 shares of the industrial products company’s stock worth $350,529,000 after purchasing an additional 151,467 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hubbell by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 512,643 shares of the industrial products company’s stock worth $251,531,000 after purchasing an additional 4,894 shares during the period. Institutional investors own 88.16% of the company’s stock.

More Hubbell News

Here are the key news stories impacting Hubbell this week:

• Positive Sentiment: Hubbell reported adjusted third-quarter earnings of $5.91 per share, 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. Hubbell Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: The company raised its full-year adjusted EPS guidance to $20.40-$20.60 and lifted its Electrical Solutions organic-growth outlook to 17%-18%, supported by strong demand from data centers and grid infrastructure. Hubbell Projects 2026 EPS and Growth Outlook
• Positive Sentiment: Data-center demand remained a major growth driver, with one report highlighting a 51% increase in the relevant segment. Hubbell Q3 2026 Earnings
• Neutral Sentiment: Management’s earnings call emphasized continued momentum in electrification, utility and data-center markets, but investors will be watching whether that demand can support further upside beyond the newly issued forecast. Hubbell Q3 2026 Earnings Call Transcript
• Negative Sentiment: The guidance increase was viewed as roughly in line with Wall Street expectations rather than a meaningful upside surprise. As a result, the strong quarter did not provide enough incremental news to satisfy elevated investor expectations. Hubbell Sinks Despite Q3 Beat
• Negative Sentiment: Investors are also questioning whether Hubbell’s valuation already reflects its cash-flow prospects, increasing the risk of selling when guidance merely meets forecasts. Is Hubbell Trading at a Premium to Cash Flow?

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.