Smith Group Asset Management LLC Buys 6,616 Shares of Hubbell Inc $HUBB

Smith Group Asset Management LLC boosted its stake in Hubbell Inc (NYSE:HUBB) by 8.3% during the first quarter, Holdings Channel reports. The institutional investor owned 86,736 shares of the industrial products company’s stock after buying an additional 6,616 shares during the period. Hubbell comprises approximately 2.2% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Smith Group Asset Management LLC’s holdings in Hubbell were worth $42,565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Amundi lifted its position in Hubbell by 1.1% during the first quarter. Amundi now owns 458,065 shares of the industrial products company’s stock worth $224,822,000 after acquiring an additional 4,885 shares during the last quarter. Empowered Funds LLC grew its position in shares of Hubbell by 9.5% in the first quarter. Empowered Funds LLC now owns 20,067 shares of the industrial products company’s stock valued at $9,848,000 after purchasing an additional 1,748 shares during the last quarter. Evercore Wealth Management LLC bought a new position in shares of Hubbell during the first quarter worth approximately $209,000. Socorro Asset Management LP increased its stake in shares of Hubbell by 9.8% during the first quarter. Socorro Asset Management LP now owns 8,812 shares of the industrial products company’s stock worth $4,324,000 after purchasing an additional 789 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in Hubbell by 22.8% during the 1st quarter. Quantinno Capital Management LP now owns 40,336 shares of the industrial products company’s stock worth $19,795,000 after purchasing an additional 7,494 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell News Roundup

Here are the key news stories impacting Hubbell this week:

• Positive Sentiment: Quarterly results exceeded expectations. Hubbell reported adjusted earnings of $5.52 per share, above the $5.39 analyst consensus, while revenue reached $1.71 billion versus estimates of $1.66 billion. Revenue increased 15.3% year over year, and EPS rose from $4.93 in the prior-year quarter. Hubbell second-quarter earnings report
• Positive Sentiment: Hubbell raised its full-year 2026 outlook. Management now expects EPS of $20.25 to $20.55, above the $19.98 consensus, and revenue of $6.8 billion to $6.9 billion, exceeding the roughly $6.6 billion analyst forecast. The improved guidance signals continued demand and operating momentum. Hubbell raises 2026 outlook
• Positive Sentiment: The dividend was maintained at $1.42 per share quarterly. The payment is scheduled for September 15 to shareholders of record on August 31, providing continued income support for investors. Hubbell dividend announcement
• Neutral Sentiment: The stock’s valuation leaves room for profit-taking. With shares trading near $483.50, Hubbell has a market capitalization of approximately $25.6 billion and a price-to-earnings ratio near 28.6. Strong results may have been largely anticipated, limiting the immediate upside reaction.
• Negative Sentiment: Put-option activity surged. Investors purchased 3,505 put options, nearly 10 times the typical daily volume, indicating increased hedging or bearish short-term positioning. This may have contributed to pressure on the shares, although options activity alone does not establish a fundamental deterioration.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. UBS Group reissued a “neutral” rating and set a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Barclays raised their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, Stephens lifted their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $554.38.

Hubbell Price Performance

Hubbell stock opened at $483.50 on Wednesday. The firm has a market cap of $25.55 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The stock’s fifty day moving average price is $489.27 and its two-hundred day moving average price is $497.05. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, research analysts expect that Hubbell Inc will post 19.98 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is currently 33.55%.

Hubbell 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.