Northwestern Mutual Wealth Management Co. Purchases Shares of 82,759 Hubbell Inc $HUBB

Posted by Brian Himes on Aug 23rd, 2026

Northwestern Mutual Wealth Management Co. bought a new stake in Hubbell Inc (NYSE:HUBB – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 82,759 shares of the industrial products company’s stock, valued at approximately $43,300,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Hubbell during the second quarter worth about $2,455,986,000. Wellington Management Group LLP raised its holdings in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after buying an additional 1,468,701 shares in the last quarter. State Street Corp lifted its position in shares of Hubbell by 1.8% during the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock worth $1,022,593,000 after buying an additional 40,623 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Hubbell during the second quarter valued at $783,142,000. Finally, Geode Capital Management LLC lifted its holdings in Hubbell by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after purchasing an additional 10,898 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

HUBB opened at $470.69 on Friday. The firm has a market capitalization of $24.87 billion, a PE ratio of 27.87, a PEG ratio of 2.30 and a beta of 0.90. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The business’s 50-day simple moving average is $495.92 and its 200 day simple moving average is $498.43. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61.

Hubbell (NYSE:HUBB – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the company posted $4.93 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, sell-side analysts expect that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s payout ratio is 33.63%.

Insider Buying and Selling

In related news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the transaction, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Robert W. Baird began coverage on Hubbell in a research note on Thursday. They issued an “outperform” rating and a $550.00 price objective on the stock. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Barclays increased their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $553.89.

Read Our Latest Report on Hubbell

Hubbell Profile

(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.