Lazard Asset Management LLC Sells 26,284 Shares of Hubbell Inc $HUBB

Lazard Asset Management LLC reduced its stake in shares of Hubbell Inc (NYSE:HUBB – Free Report) by 23.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,816 shares of the industrial products company’s stock after selling 26,284 shares during the quarter. Lazard Asset Management LLC’s holdings in Hubbell were worth $43,095,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 34 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. NBT Bank N A NY purchased a new stake in shares of Hubbell during the fourth quarter valued at about $27,000. Raiffeisen Bank International AG lifted its position in shares of Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in shares of Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after buying an additional 27 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

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Hubbell Price Performance

Shares of NYSE HUBB opened at $483.50 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The company has a market cap of $25.55 billion, a PE ratio of 28.56, a P/E/G ratio of 2.49 and a beta of 0.89. The business has a 50-day simple moving average of $489.27 and a two-hundred day simple moving average of $497.05. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50.

Hubbell (NYSE:HUBB – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm earned $4.93 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities analysts expect that Hubbell Inc will post 19.98 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 33.55%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. 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 report on Monday, May 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. 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 target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Five research 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 company presently has an average rating of “Moderate Buy” and an average target price of $554.38.

View Our Latest Stock Report on Hubbell

Key Hubbell News

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.

About Hubbell

(Free Report)

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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