Hubbell (HUBB)
Market Price (10/28/2026): $435.7 | Market Cap: $23.0 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Hubbell (HUBB)
Market Price (10/28/2026): $435.7Market Cap: $23.0 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% Low stock price volatilityVol 12M is 32% Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, Sustainable Infrastructure, and Electric Vehicles & Autonomous Driving. Themes include Smart Grid Technologies, Show more. | Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -19% | Key risksHUBB key risks include [1] increased costs and supply chain disruptions from shifting trade policies with key partners like Canada, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, Sustainable Infrastructure, and Electric Vehicles & Autonomous Driving. Themes include Smart Grid Technologies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -19% |
| Key risksHUBB key risks include [1] increased costs and supply chain disruptions from shifting trade policies with key partners like Canada, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Hubbell (HUBB) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Concerns regarding the Utility Solutions segment's revised outlook and anticipated Q4 margin pressure. Hubbell's Q3 fiscal 2026 (ended September 30, 2026) earnings report, released on October 27, 2026, highlighted a mixed outlook within its segments. While the Electrical Solutions segment saw its organic growth outlook raised significantly, the Utility Solutions segment's organic growth outlook for fiscal year 2026 was lowered to 6-7% from a previous range of 7-9%. This downward revision was attributed to issues such as "meters component availability and a slower control-house capacity ramp". Furthermore, a $15 million revenue shift from Q3 to Q4 for Grid Automation due to component availability and expected year-over-year declines in Q4 operating margins for Utility Solutions due to higher inflation and investments likely contributed to investor caution, despite strong overall results.
2. Persistent cost inflation and its impact on future profitability. Hubbell acknowledged ongoing "cost inflation and raw material costs" throughout the third fiscal quarter of 2026. Although the company has implemented price realizations to partially offset these pressures, it is accelerating 2027 price actions for its Electrical segment into fiscal Q4 2026 and planning utility price increases at year-end or early next year to address persistent inflation. This proactive stance, combined with a slight downward adjustment to the full-year 2026 adjusted operating margin outlook (revised to 23.0-23.2% from the prior range of 23.1-23.4%), indicates that inflationary pressures are a significant concern impacting future profitability expectations.
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Hubbell (HUBB) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Concerns regarding the Utility Solutions segment's revised outlook and anticipated Q4 margin pressure. Hubbell's Q3 fiscal 2026 (ended September 30, 2026) earnings report, released on October 27, 2026, highlighted a mixed outlook within its segments. While the Electrical Solutions segment saw its organic growth outlook raised significantly, the Utility Solutions segment's organic growth outlook for fiscal year 2026 was lowered to 6-7% from a previous range of 7-9%. This downward revision was attributed to issues such as "meters component availability and a slower control-house capacity ramp". Furthermore, a $15 million revenue shift from Q3 to Q4 for Grid Automation due to component availability and expected year-over-year declines in Q4 operating margins for Utility Solutions due to higher inflation and investments likely contributed to investor caution, despite strong overall results.
2. Persistent cost inflation and its impact on future profitability. Hubbell acknowledged ongoing "cost inflation and raw material costs" throughout the third fiscal quarter of 2026. Although the company has implemented price realizations to partially offset these pressures, it is accelerating 2027 price actions for its Electrical segment into fiscal Q4 2026 and planning utility price increases at year-end or early next year to address persistent inflation. This proactive stance, combined with a slight downward adjustment to the full-year 2026 adjusted operating margin outlook (revised to 23.0-23.2% from the prior range of 23.1-23.4%), indicates that inflationary pressures are a significant concern impacting future profitability expectations.
3. Broader macroeconomic headwinds creating investor apprehension. The period since fiscal Q2 2026 has been marked by several macroeconomic challenges. Significantly higher U.S. interest rates were observed in fiscal Q3 2026, representing one of the largest quarterly increases in decades. Additionally, diesel fuel prices reached an all-time high in mid-September 2026 due to supply disruptions, raising fears of "demand destruction" if these costs are passed on to end-users. While the U.S. economy has shown resilience, particularly driven by AI infrastructure spending, concerns about "sticky inflation," softening real disposable income, and "heavy industrial markets remain[ing] relatively soft" may have led investors to temper their valuation of Hubbell's stock, contributing to the observed decline.
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Stock Movement Drivers
Fundamental Drivers
The -16.7% change in HUBB stock from 6/30/2026 to 10/27/2026 was primarily driven by a -16.7% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 521.58 | 434.28 | -16.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,996 | 6,224 | 3.8% |
| Net Income Margin (%) | 15.1% | 14.5% | -4.1% |
| P/E Multiple | 30.6 | 25.5 | -16.7% |
| Shares Outstanding (Mil) | 53 | 53 | 0.4% |
| Cumulative Contribution | -16.7% |
Market Drivers
6/30/2026 to 10/27/2026| Return | Correlation | |
|---|---|---|
| HUBB | -16.7% | |
| Market (SPY) | 3.1% | 43.9% |
| Sector (XLI) | -9.3% | 66.0% |
Fundamental Drivers
The -11.0% change in HUBB stock from 3/31/2026 to 10/27/2026 was primarily driven by a -12.4% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 487.76 | 434.28 | -11.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,845 | 6,224 | 6.5% |
| Net Income Margin (%) | 15.2% | 14.5% | -4.5% |
| P/E Multiple | 29.1 | 25.5 | -12.4% |
| Shares Outstanding (Mil) | 53 | 53 | 0.0% |
| Cumulative Contribution | -11.0% |
Market Drivers
3/31/2026 to 10/27/2026| Return | Correlation | |
|---|---|---|
| HUBB | -11.0% | |
| Market (SPY) | 18.7% | 37.7% |
| Sector (XLI) | 4.1% | 56.6% |
Fundamental Drivers
The 2.2% change in HUBB stock from 9/30/2025 to 10/27/2026 was primarily driven by a 10.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 425.12 | 434.28 | 2.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,626 | 6,224 | 10.6% |
| Net Income Margin (%) | 14.8% | 14.5% | -2.0% |
| P/E Multiple | 27.2 | 25.5 | -6.3% |
| Shares Outstanding (Mil) | 53 | 53 | 0.6% |
| Cumulative Contribution | 2.2% |
Market Drivers
9/30/2025 to 10/27/2026| Return | Correlation | |
|---|---|---|
| HUBB | 2.2% | |
| Market (SPY) | 16.5% | 47.7% |
| Sector (XLI) | 9.8% | 62.6% |
Fundamental Drivers
The 44.0% change in HUBB stock from 9/30/2023 to 10/27/2026 was primarily driven by a 20.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 301.55 | 434.28 | 44.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,187 | 6,224 | 20.0% |
| Net Income Margin (%) | 12.2% | 14.5% | 18.9% |
| P/E Multiple | 25.6 | 25.5 | -0.3% |
| Shares Outstanding (Mil) | 54 | 53 | 1.3% |
| Cumulative Contribution | 44.0% |
Market Drivers
9/30/2023 to 10/27/2026| Return | Correlation | |
|---|---|---|
| HUBB | 44.0% | |
| Market (SPY) | 86.2% | 59.4% |
| Sector (XLI) | 72.2% | 68.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HUBB Return | 36% | 15% | 42% | 29% | 7% | 4% | 221% |
| Peers Return | 23% | -1% | 11% | 6% | 35% | 3% | 98% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 103% |
Monthly Win Rates [3] | |||||||
| HUBB Win Rate | 58% | 50% | 58% | 67% | 58% | 60% | |
| Peers Win Rate | 69% | 44% | 48% | 50% | 67% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| HUBB Max Drawdown | -14% | -17% | -20% | -16% | -31% | -21% | |
| Peers Max Drawdown | -17% | -31% | -28% | -17% | -25% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ROK, TDY, VMI, ENS, GFUZ. See HUBB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/27/2026 (YTD)
How Low Can It Go
| Event | HUBB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.2% | -18.8% |
| % Gain to Breakeven | 23.8% | 23.1% |
| Time to Breakeven | 42 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -14.9% | -9.5% |
| % Gain to Breakeven | 17.5% | 10.5% |
| Time to Breakeven | 42 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -15.6% | -24.5% |
| % Gain to Breakeven | 18.4% | 32.4% |
| Time to Breakeven | 39 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -40.6% | -33.7% |
| % Gain to Breakeven | 68.3% | 50.9% |
| Time to Breakeven | 142 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.6% | -19.2% |
| % Gain to Breakeven | 40.0% | 23.8% |
| Time to Breakeven | 130 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -19.5% | -12.2% |
| % Gain to Breakeven | 24.3% | 13.9% |
| Time to Breakeven | 92 days | 62 days |
In The Past
Hubbell's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | HUBB | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -40.6% | -33.7% |
| % Gain to Breakeven | 68.3% | 50.9% |
| Time to Breakeven | 142 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.6% | -19.2% |
| % Gain to Breakeven | 40.0% | 23.8% |
| Time to Breakeven | 130 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -30.3% | -6.8% |
| % Gain to Breakeven | 43.5% | 7.3% |
| Time to Breakeven | 438 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.6% | -17.9% |
| % Gain to Breakeven | 36.2% | 21.8% |
| Time to Breakeven | 58 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -20.2% | -15.4% |
| % Gain to Breakeven | 25.4% | 18.2% |
| Time to Breakeven | 29 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -59.6% | -53.4% |
| % Gain to Breakeven | 147.2% | 114.4% |
| Time to Breakeven | 402 days | 1085 days |
In The Past
Hubbell's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Hubbell (HUBB)
Hubbell Incorporated designs, manufactures, and sells a broad range of electrical and electronic products primarily for industrial, commercial, and utility applications globally. The company operates through two main segments: Electrical Solution and Utility Solution, catering to distinct yet interconnected market needs within the electrical infrastructure landscape.
The Electrical Solution segment provides a comprehensive portfolio of products, including standard and special application wiring devices, rough-in electrical products, connectors, lighting fixtures, and industrial controls. These products are essential for various industrial, commercial, and institutional facilities, serving electrical contractors, maintenance personnel, and electricians. This segment also supplies components for the natural gas distribution market and communication systems for industrial sectors like oil & gas and mining.
Complementing its electrical offerings, the Utility Solution segment focuses on critical infrastructure products for power distribution, transmission, substations, and telecommunications. Key products include arresters, insulators, connectors, smart meters, and communication systems, vital for maintaining and upgrading utility grids. Primary customers for this segment are utilities, telecommunication companies, industrial firms, and construction and engineering firms, ensuring the reliable delivery of power and communications.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Hubbell:
- Hubbell is like Eaton or Schneider Electric for the essential electrical and utility infrastructure products that power homes, businesses, and grids.
- Hubbell is like the industrial-grade electrical components division of Siemens or ABB, providing critical parts for buildings and power grids.
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- Wiring Devices & Rough-in Electrical Products: Offers standard and special application wiring devices along with electrical products used during the initial phase of construction.
- Connectors & Grounding Products: Provides essential components for electrical connections and ensuring safe grounding systems.
- Lighting Fixtures: Manufactures various fixtures for illumination in industrial, commercial, and institutional environments.
- Industrial Controls & Communication Systems: Designs and produces systems for controlling industrial processes and facilitating communication in non-residential and industrial markets.
- Utility Distribution & Transmission Products: Supplies products like arresters, insulators, connectors, and enclosures vital for electrical power distribution and transmission infrastructure.
- Smart Grid & Utility Infrastructure Products: Develops smart meters, advanced communication systems, and protection devices for modern utility grids.
- Natural Gas Distribution Components: Provides specific components and assemblies utilized within the natural gas distribution market.
AI Analysis | Feedback
Hubbell (HUBB) primarily sells its products to other companies and organizations, operating on a business-to-business (B2B) model. Its major customers fall into several key categories:
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Utilities: This includes electrical, natural gas distribution, and telecommunications utilities, which are direct users of Hubbell's electrical, electronic, and utility infrastructure products for their operations, transmission, and distribution networks.
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Distributors and Resellers: Hubbell sells its products extensively through a network of intermediaries, including electrical and industrial distributors, wholesale distributors, home centers, retail and hardware outlets, lighting showrooms, and residential product-oriented Internet sites. These channels serve to reach a broad base of end-users.
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Industrial, Commercial, and Institutional Clients & Contractors: This broad category encompasses a diverse range of direct customers such as industrial firms, commercial facilities, institutional facilities, electrical contractors, construction and engineering firms, original equipment manufacturers (OEMs), and companies within the oil and gas, and mining industries. These customers utilize Hubbell's products for wiring, lighting, controls, and other electrical and electronic applications.
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Gerben W. Bakker, President and Chief Executive Officer
Gerben W. Bakker joined Hubbell in 1988 as a manufacturing engineer and has held positions of increasing leadership in both the company's utility and electrical segments. He served as President of Hubbell Power Systems from 2014 to 2019, during which time he oversaw a period of strong performance and led key acquisitions, including Aclara in 2018. He was appointed President and Chief Operating Officer in June 2019, then became President and Chief Executive Officer and a Director in October 2020. In May 2021, he was appointed Chairman of the Board. Mr. Bakker brings extensive financial, operational, and strategic planning experience to his role. He also serves on the Board of Trustees at Manufacturers Alliance and as a Director for Regal Rexnord Corporation since February 2025.
Joseph A. Capozzoli, Senior Vice President, Chief Financial Officer
Joseph A. Capozzoli assumed the role of Senior Vice President and Chief Financial Officer effective January 1, 2026. He joined Hubbell in April 2013 as Vice President, Controller and served as the company's Principal Accounting Officer until January 2021. Subsequently, he held the position of Vice President, Business Transformation from 2021 to 2023, and most recently served as the Vice President, Finance for the Electrical Solutions segment. Before his tenure at Hubbell, Mr. Capozzoli accumulated over 15 years of leadership experience in major multinational corporations, including serving as Assistant Corporate Controller of Stanley Black & Decker. He is a Certified Public Accountant and holds an MBA in Finance from Villanova University and a Bachelor of Science degree in Business Administration from LaSalle University.
Gregory A. Gumbs, President, Utility Solutions Segment
Gregory A. Gumbs became President of Hubbell's Utility Solutions Segment in July 2023. Prior to joining Hubbell, he served as President and CEO of Bosch Rexroth North America from 2020 to 2023. His background also includes various senior leadership positions at Eaton Electrical and Rockwell Automation, providing him with deep experience in the electrical and automation industries.
Mark E. Mikes, President, Electrical Solutions Segment
Mark E. Mikes was appointed President of the Electrical Solutions Segment in June 2023. He has a long and extensive career with Hubbell, spanning over thirty years in various roles. Prior to his current role, he led Hubbell Power Systems (HPS) for several years, where he played a significant leadership role in integrating a diverse portfolio of acquired utility businesses under a unified structure.
Katherine A. Lane, Executive Vice President, General Counsel and Secretary
Katherine A. Lane has served as Executive Vice President, General Counsel and Secretary of Hubbell since June 2019. She joined Hubbell in 2010 and has held several legal leadership positions within the company, including Vice President, Acting General Counsel and Secretary; Vice President, Associate General Counsel; Vice President, Legal for Hubbell Commercial & Industrial; Senior Counsel for Hubbell Electrical Systems; and Corporate General Attorney. Ms. Lane is responsible for leading the company's legal, compliance, and risk organizations. She earned her bachelor's degree from Boston College and her law degree from the UConn School of Law. She also serves as a Director for Hubbell Ltd., Chalmit Lighting Ltd., and Aclara Meters UK Ltd., and previously served as Secretary & Director at Armorcast Products Co., Inc.
AI Analysis | Feedback
Here are the key risks to Hubbell (HUBB):
- Exposure to Cyclical Economic Conditions and End Markets: Hubbell's business is highly sensitive to overall economic conditions, including inflation, slowdowns, and recessions, which can lead to reduced orders and impact financial performance. The company's reliance on construction, industrial, and utility projects makes it vulnerable to economic cycles affecting demand in these sectors.
- Inflation and Volatility in Raw Material Costs: Hubbell has experienced significant inflation across its business, with increased costs for materials, which may not always be offset by pricing actions, potentially eroding profitability. The company faces challenges from volatile prices for critical raw materials such as copper and aluminum.
- Intense Competition and the Need for Continuous Innovation: Hubbell operates in a highly competitive industry where product performance, reliability, quality, and technological innovation are crucial. The company's ability to effectively develop and introduce new products is key to its competitive strategy; a failure to do so could adversely affect its market position.
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Hubbell Incorporated (HUBB) operates in several significant addressable markets for its electrical and utility solutions.
Electrical Solution Segment
- Wiring Devices: The global wiring devices market size was estimated at approximately USD 59.04 billion in 2024 and is projected to reach USD 104.05 billion by 2034, growing at a CAGR of 5.83% from 2025 to 2034. For North America, the market size was USD 22.60 billion in 2024.
- Lighting Fixtures: The global lighting fixtures market was valued at USD 134.89 billion in 2025 and is projected to grow to USD 221.39 billion by 2034, exhibiting a CAGR of 5.66% from 2026 to 2034. Another estimate places the global market at approximately USD 107 billion in 2024. The U.S. lighting fixtures market was worth approximately USD 20 billion in 2025.
- Industrial Controls and Automation Systems: The global industrial automation and control systems market was estimated at USD 226.76 billion in 2025 and is projected to reach USD 504.38 billion by 2033, growing at a CAGR of 10.5% from 2026 to 2033. Another source estimates the global industrial control systems market size at USD 210.11 billion in 2025, poised to grow to USD 412.56 billion by 2033, at a CAGR of 8.8% from 2026 to 2033. North America accounted for 35.6% of the global Industrial Control Systems market in 2023.
- Electrical Connectors: The global electrical connectors market was valued at USD 82.2 billion in 2023 and is projected to reach USD 141.1 billion by 2032, growing at a CAGR of 6.3% from 2024 to 2032. Another report indicates a global market size of approximately USD 85 billion in 2023, anticipated to escalate to over USD 130 billion by 2032. North America holds a significant share of the global electrical connectors market.
Utility Solution Segment
- Smart Meters: The global smart meters market was valued at USD 24.01 billion in 2024 and is projected to reach USD 56.85 billion by 2035, growing at a CAGR of 8.15% from 2025 to 2035. The U.S. smart meter market was estimated at USD 4.37 billion in 2024 and is projected to reach USD 8.50 billion by 2033, growing at a CAGR of 7.6% from 2025 to 2033.
- Power Transmission and Distribution Equipment: The global power transmission and distribution market generated a revenue of USD 342.64 billion in 2024 and is expected to reach USD 432.23 billion by 2030, growing at a CAGR of 4% from 2025 to 2030. The Transmission and Distribution Equipment Market size is estimated at USD 575.19 billion in 2026 and is expected to reach USD 813.16 billion by 2031, at a CAGR of 7.17% during the forecast period (2026-2031). North America accounted for 28.6% of the global power transmission and distribution market in 2024.
AI Analysis | Feedback
Hubbell Incorporated (HUBB) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:
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Utility Infrastructure Investments and Grid Modernization: Hubbell's Utility Solutions segment is poised to benefit significantly from ongoing investments in utility infrastructure. This includes projects related to transmission and distribution hardening, wildfire mitigation, storm hardening, and substation automation. The broader trend of grid modernization and electrification, driven by increased load and the integration of renewable energy sources, is expected to create a long-term investment cycle, supporting steady demand for Hubbell's utility components and solutions.
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Data Center Capital Expenditure Growth: Strong and sustained demand from data center projects is a significant growth driver for both Hubbell’s Electrical Solutions and Utility Solutions segments. The company's long-cycle modular power distribution business is reported to be fully booked for 2026, with new orders shifting focus to 2027-2028, indicating continued momentum in this market.
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Industrial Reshoring and US Manufacturing Activity: The trend of industrial reshoring and increased manufacturing activity within the United States is expected to drive demand for Hubbell's diverse product portfolio. This includes industrial products such as power quality systems, wiring systems, and controls, as well as utility-level components required for new factory builds and electrification retrofits within industrial facilities.
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Strategic Acquisitions and Divestitures: Hubbell actively manages its portfolio through strategic acquisitions and divestitures to enhance its focus on high-growth and high-margin areas. Recent actions, such as the successful integration of the Systems Control acquisition and the divestiture of the Residential Lighting business, are aimed at optimizing the company's offerings and are expected to contribute positively to future growth and improved financial performance. Acquisitions, for instance, contributed positively to sales growth in the first quarter of 2024.
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Pricing and Productivity Initiatives: Consistent execution of pricing discipline and ongoing productivity improvements are key internal drivers contributing to revenue growth and margin expansion. Hubbell anticipates positive contributions from price/cost/productivity, which helps offset cost inflation and allows for continued investment in growth initiatives, thereby supporting the overall revenue trajectory.
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Share Repurchases
- Hubbell’s annual share buybacks were $225 million in 2025, $40 million in 2024, and $30 million in 2023.
- A new share repurchase program of up to $500 million was approved in February 2025, effective until February 2028.
- This new program supplements an existing authorization, which had $260 million remaining as of December 31, 2024, and is set to expire in October 2025.
Share Issuance
- No specific dollar amounts for share issuances were found for the period.
Outbound Investments
- In October 2023, Hubbell entered into an agreement to acquire Northern Star Holdings Inc. (Systems Control) for $1.1 billion to enhance its Utility Solutions portfolio.
- Hubbell completed the sale of its Commercial and Industrial (C&I) Lighting business to GE Current, a Daintree company, for $350 million in the first quarter of 2022, following an October 2021 agreement.
- Hubbell agreed to sell its Residential Lighting business for $131 million, with the transaction closing in the first quarter of 2024.
Capital Expenditures
- Capital expenditures were $180 million in 2024, $165.7 million in 2023, $129.3 million in 2022, and $90.2 million in 2021.
- Expected capital expenditures for 2025 are $155.1 million.
- In 2024, capital expenditures were focused on driving future growth and productivity within the company's facilities.
Peer Outperformance in Industrial Machinery & Supplies & Components
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| HUBB | Hubbell | 6.3% | 25.5x | 1.3% | 60.6% | 145.9% | — |
| CRS | Carpenter Technology | 6.0% | 25.2x | -9.3% | 368.3% | 899.2% | +753pp |
| NPO | Enpro | 3.6% | 134.9x | 23.2% | 151.2% | 234.3% | +88pp |
| GWW | W.W. Grainger | 5.6% | 33.9x | 38.4% | 94.8% | 233.3% | +87pp |
| PH | Parker Hannifin | 4.1% | 31.2x | 17.3% | 153.5% | 223.4% | +77pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 30 | -4.8% | 121.3% | 153.5% | STRL 1507% · FIX 1488% · AGX 783% |
| Marine Transportation | 5 | 54.5% | 55.5% | 146.4% | MATX 198% · KEX 146% |
| Construction Machinery & Heavy Transportation Equipment | 13 | -2.1% | 62.7% | 95.9% | CAT 294% · ALSN 256% · WAB 223% |
| Aerospace & Defense | 52 | -13.6% | 61.4% | 64.5% | ATI 1012% · FTAI 714% · HWM 563% |
| Trading Companies & Distributors | 19 | 13.4% | 41.4% | 62.4% | DXPE 425% · URI 247% · AIT 222% |
| Industrial Machinery & Supplies & Components ← | 72 | 1.6% | 58.8% | 38.5% | CRS 899% · MLI 351% · SYM 292% |
| Diversified Support Services | 34 | 15.0% | 43.7% | 34.6% | CXW 268% · OPLN 157% · CACI 145% |
| Rail Transportation | 7 | 35.6% | 66.8% | 31.4% | CSX 56% · UNP 40% · NSC 31% |
| Building Products | 32 | -9.0% | 21.3% | 26.9% | GFF 373% · TT 176% · JCI 140% |
| Cargo Ground Transportation | 16 | 36.9% | 11.6% | 20.2% | XPO 264% · R 263% · ARCB 54% |
| Electrical Components & Equipment | 37 | -8.9% | 78.2% | 10.9% | POWL 1955% · VRT 749% · BE 691% |
| Industrial Conglomerates | 17 | 9.0% | 6.5% | -4.7% | CSW 127% · DD 83% · CSL 65% |
| Agricultural & Farm Machinery | 16 | 0.2% | -7.4% | -11.8% | DE 102% · TTC 20% · AGCO -5% |
| Data Processing & Outsourced Services | 6 | -24.0% | 0.8% | -16.4% | EXLS 66% · BR 7% · G -14% |
| Security & Alarm Services | 9 | -55.6% | 27.9% | -18.1% | BCO 72% |
| Office Services & Supplies | 9 | 19.9% | 17.8% | -20.4% | PBI 214% · TILE 152% · HNI 54% |
| Environmental & Facilities Services | 29 | -31.4% | 37.5% | -23.0% | GEO 269% · CLH 180% · RSG 94% |
| Research & Consulting Services | 13 | -0.8% | -18.0% | -27.0% | HURN 297% · BAH 16% · FCN 11% |
| Passenger Airlines | 11 | -0.8% | 30.5% | -31.9% | LTM 3073% · UAL 129% · DAL 117% |
| Passenger Ground Transportation | 3 | -31.8% | 59.5% | -35.2% | UBER 47% · CAR -35% · LYFT -64% |
| Air Freight & Logistics | 12 | -23.5% | -6.6% | -39.1% | FDX 80% · EXPD 77% · CHRW 66% |
| Human Resource & Employment Services | 22 | 15.0% | -6.5% | -42.4% | ADP 48% · FA 12% · PAYX 4% |
| Airport Services | 4 | -53.6% | -56.0% | -85.2% | JOBY -43% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Taylor Devices or Hubbell: Which Stock Has More Upside? | 08/05/2026 | |
| 7-Day Rally Sends Hubbell Stock Up 15% | 06/23/2026 | |
| Hubbell Stock Plummets 11% With 11-Day Losing Streak | 05/20/2026 | |
| Hubbell Stock In Shambles: Down 8.7% With 10-Day Losing Streak | 05/19/2026 | |
| 8-Day Sell-Off Sends Hubbell Stock Down 6.6% | 05/15/2026 | |
| Pay Less, Grow More: XYL Beats Hubbell Stock | 04/22/2026 | |
| Hubbell Earnings Notes | 12/28/2026 | |
| How Low Can Hubbell Stock Really Go? | 10/17/2025 | |
| ARTICLES | ||
| Hubbell Stock Plummets -11% With 11-Day Losing Streak | 05/20/2026 | |
| Hubbell Stock In Shambles: Down -8.7% With 10-Day Losing Streak | 05/19/2026 | |
| Hubbell Stock Plummets -6.6% With 8-Day Losing Streak | 05/15/2026 | |
| Stronger Bet Than Hubbell Stock: XYL Delivers More | 04/22/2026 | |
| S&P 500 Stocks Trading At 52-Week High | 04/15/2026 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 436.33 |
| Mkt Cap | 15.7 |
| Rev LTM | 6,224 |
| Op Inc LTM | 1,254 |
| FCF LTM | 901 |
| FCF 3Y Avg | 796 |
| CFO LTM | 1,068 |
| CFO 3Y Avg | 966 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.6% |
| Rev Chg 3Y Avg | 1.7% |
| Rev Chg Q | 7.9% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | 17.5% |
| Op Inc Chg 3Y Avg | 8.8% |
| Op Mgn LTM | 19.7% |
| Op Mgn 3Y Avg | 17.1% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 19.3% |
| CFO/Rev 3Y Avg | 16.6% |
| FCF/Rev LTM | 16.8% |
| FCF/Rev 3Y Avg | 13.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.7 |
| P/S | 3.7 |
| P/Op Inc | 18.4 |
| P/EBIT | 18.7 |
| P/E | 25.6 |
| P/CFO | 21.6 |
| Total Yield | 5.2% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 4.1% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.9% |
| 3M Rtn | -7.7% |
| 6M Rtn | -13.8% |
| 12M Rtn | 14.5% |
| 3Y Rtn | 76.6% |
| 1M Excs Rtn | -3.9% |
| 3M Excs Rtn | -8.3% |
| 6M Excs Rtn | -20.6% |
| 12M Excs Rtn | 2.0% |
| 3Y Excs Rtn | -9.4% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Utility Solutions | 3,672 | 3,601 | 3,262 | 2,871 | 2,334 |
| Electrical Solutions | 2,172 | 2,028 | 2,111 | 2,077 | 1,860 |
| Total | 5,845 | 5,628 | 5,373 | 4,948 | 4,194 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Utility Solutions | 790 | 732 | 698 | 438 | 284 |
| Electrical Solutions | 419 | 361 | 329 | 271 | 248 |
| Total | 1,209 | 1,093 | 1,027 | 709 | 532 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Utility Solutions | 5,604 | 4,569 | 4,690 | 3,012 | 2,824 |
| Electrical Solutions | 2,239 | 1,943 | 2,001 | 1,973 | 2,142 |
| General Corporate | 386 | 335 | 390 | 418 | 316 |
| Total | 8,229 | 6,848 | 7,081 | 5,403 | 5,282 |
Price Behavior
| Market Price | $434.28 | |
| Market Cap ($ Bil) | 23.0 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -21.7% | |
| 50 Days | 200 Days | |
| DMA Price | $461.55 | $486.67 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -5.9% | -10.8% |
| 3M | 1YR | |
| Volatility | 29.7% | 32.3% |
| Downside Capture | 146.58 | 120.54 |
| Upside Capture | 101.19 | 109.06 |
| Correlation (S&P 500) | 53.1% | 46.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.47 | 1.54 | 1.37 | 1.02 | 1.20 | 1.21 |
| Up Beta | 1.20 | 2.34 | 1.99 | 1.20 | 0.97 | 1.22 |
| Down Beta | 0.66 | 1.53 | 0.52 | 1.10 | 1.23 | 1.03 |
| Up Capture | 164% | 109% | 97% | 63% | 133% | 196% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 13 | 21 | 31 | 68 | 136 | 401 |
| Down Capture | 152% | 164% | 181% | 123% | 121% | 108% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 9 | 21 | 33 | 58 | 116 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HUBB | |
|---|---|---|---|---|
| HUBB | 1.2% | 32.3% | 0.06 | - |
| Sector ETF (XLI) | 9.4% | 17.2% | 0.35 | 62.2% |
| Equity (SPY) | 14.6% | 12.7% | 0.79 | 46.7% |
| Gold (GLD) | -1.4% | 28.5% | -0.06 | 19.0% |
| Commodities (DBC) | 47.3% | 20.6% | 1.76 | -15.9% |
| Real Estate (VNQ) | 3.8% | 13.9% | 0.02 | 3.5% |
| Bitcoin (BTCUSD) | -27.9% | 43.4% | -0.63 | 15.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HUBB | |
|---|---|---|---|---|
| HUBB | 19.8% | 30.1% | 0.62 | - |
| Sector ETF (XLI) | 11.8% | 17.6% | 0.50 | 67.0% |
| Equity (SPY) | 12.8% | 17.1% | 0.56 | 58.3% |
| Gold (GLD) | 17.6% | 18.9% | 0.75 | 9.7% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | 6.2% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.06 | 37.6% |
| Bitcoin (BTCUSD) | 4.5% | 51.6% | 0.27 | 23.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HUBB | |
|---|---|---|---|---|
| HUBB | 17.8% | 29.3% | 0.61 | - |
| Sector ETF (XLI) | 13.3% | 20.1% | 0.58 | 73.8% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 65.8% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | 5.3% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 19.7% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 48.6% |
| Bitcoin (BTCUSD) | 62.2% | 66.2% | 1.02 | 16.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/27/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/28/2026 | -2.9% | -4.4% | -6.8% |
| 4/30/2026 | -6.9% | -8.0% | -13.0% |
| 2/3/2026 | 1.7% | 2.1% | -0.7% |
| 10/28/2025 | 4.9% | 7.7% | -1.0% |
| 7/29/2025 | -2.5% | -2.1% | 1.0% |
| 5/1/2025 | -5.5% | -3.0% | 7.6% |
| 2/4/2025 | -1.9% | -2.2% | -13.1% |
| 10/29/2024 | -2.1% | -5.5% | 2.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 14 |
| # Negative | 13 | 10 | 10 |
| Median Positive | 3.5% | 4.3% | 9.4% |
| Median Negative | -2.5% | -3.7% | -3.9% |
| Max Positive | 11.6% | 17.4% | 18.7% |
| Max Negative | -9.0% | -8.0% | -13.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/28/2026 | -2.9% | -4.4% | -6.8% |
| 4/30/2026 | -6.9% | -8.0% | -13.0% |
| 2/3/2026 | 1.7% | 2.1% | -0.7% |
| 10/28/2025 | 4.9% | 7.7% | -1.0% |
| 7/29/2025 | -2.5% | -2.1% | 1.0% |
| 5/1/2025 | -5.5% | -3.0% | 7.6% |
| 2/4/2025 | -1.9% | -2.2% | -13.1% |
| 10/29/2024 | -2.1% | -5.5% | 2.5% |
| 7/30/2024 | 3.5% | -0.7% | 5.7% |
| 4/30/2024 | -9.0% | -4.7% | -4.4% |
| 1/30/2024 | 3.5% | 5.5% | 11.9% |
| 10/31/2023 | -4.7% | -1.8% | 4.4% |
| 7/25/2023 | -4.6% | -6.5% | -8.0% |
| 4/25/2023 | 11.6% | 17.4% | 18.7% |
| 1/31/2023 | -0.4% | 5.4% | 9.1% |
| 10/25/2022 | 6.3% | 6.4% | 16.1% |
| 7/26/2022 | 4.4% | 9.8% | 11.8% |
| 4/26/2022 | 3.1% | 2.7% | -2.7% |
| 2/3/2022 | -1.6% | 2.0% | -3.4% |
| 10/26/2021 | 0.6% | 5.5% | 9.8% |
| 7/27/2021 | 0.9% | 1.5% | 5.5% |
| 4/27/2021 | 1.9% | 1.6% | -1.5% |
| 2/2/2021 | -0.3% | 3.3% | 13.5% |
| 10/27/2020 | -0.4% | 0.6% | 10.2% |
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 14 |
| # Negative | 13 | 10 | 10 |
| Median Positive | 3.5% | 4.3% | 9.4% |
| Median Negative | -2.5% | -3.7% | -3.9% |
| Max Positive | 11.6% | 17.4% | 18.7% |
| Max Negative | -9.0% | -8.0% | -13.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 02/11/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 04/28/2021 | 10-Q |
| 12/31/2020 | 02/11/2021 | 10-K |
| 09/30/2020 | 10/28/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/01/2020 | 10-Q |
| 12/31/2019 | 02/14/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
Recent Forward Guidance
Updated 10/27/2026Latest: Q3 2026 Earnings Reported 10/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Amortization of Acquisition-Related Intangible Assets Per Share | Reported | 2.5 | ||||||
| 2026 Transaction, Integration, and Separation Costs Per Share | Reported | 0.6 | ||||||
| 2026 Anticipated Restructuring and Related Investment | Reported | 20.00 Mil | ||||||
| 2026 Total Sales Growth | Reported | 18.0% | 18.5% | 19.0% | 1.5% | Raised | Guidance: 17.0% for 2026 | |
| 2026 Organic Sales Growth | Reported | 10.0% | 10.5% | 11.0% | 0.5% | Raised | Guidance: 10.0% for 2026 | |
| 2026 Adjusted Tax Rate | Reported | 22.0% | 22.25% | 22.5% | ||||
| 2026 Diluted EPS | Reported | 17.3 | 17.4 | 17.5 | 0.0% | Affirmed | Guidance: 17.4 for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 20.4 | 20.5 | 20.6 | 0.5% | Raised | Guidance: 20.4 for 2026 | |
| 2026 Free Cash Flow Conversion | Reported | 0.9 | 0.0% | Affirmed | Guidance: 0.9 for 2026 | |||
Prior: Q2 2026 Earnings Reported 7/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Sales Growth | Reported | 16.0% | 17.0% | 18.0% | 7.5% | Raised | Guidance: 9.5% for 2026 | |
| 2026 Organic Sales Growth | Reported | 9.0% | 10.0% | 11.0% | 2.5% | Raised | Guidance: 7.5% for 2026 | |
| 2026 GAAP Diluted EPS | Reported | 17.25 | 17.4 | 17.55 | -1.8% | Lowered | Guidance: 17.73 for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 20.25 | 20.4 | 20.55 | 4.2% | Raised | Guidance: 19.58 for 2026 | |
| 2026 Free Cash Flow Conversion | Reported | 0.9 | 0.0% | 0.0% | Affirmed | Guidance: 0.9 for 2026 | ||
Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Sales Growth | Reported | 8.0% | 9.5% | 11.0% | 18.8% | 1.5% | Raised | Guidance: 8.0% for 2026 |
| 2026 Organic Sales Growth | Reported | 6.0% | 7.5% | 9.0% | 25.0% | 1.5% | Raised | Guidance: 6.0% for 2026 |
| 2026 GAAP Diluted EPS | Reported | 17.45 | 17.73 | 18 | 0.4% | Raised | Guidance: 17.65 for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 19.3 | 19.58 | 19.85 | 0.4% | Raised | Guidance: 19.5 for 2026 | |
| 2026 Free Cash Flow Conversion | Reported | 0.9 | 0.0% | Affirmed | Guidance: 0.9 for 2026 | |||
Q4 2025 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Sales Growth | Reported | 7.0% | 8.0% | 9.0% | 128.6% | 4.5% | Higher New | Guidance: 3.5% for 2025 |
| 2026 Organic Sales Growth | Reported | 5.0% | 6.0% | 7.0% | 71.4% | 2.5% | Higher New | Guidance: 3.5% for 2025 |
| 2026 EPS | Reported | 17.3 | 17.65 | 18 | 6.0% | Higher New | Guidance: 16.65 for 2025 | |
| 2026 Adjusted EPS | Reported | 19.15 | 19.5 | 19.85 | 7.1% | Higher New | Guidance: 18.2 for 2025 | |
| 2026 Free Cash Flow Conversion | Reported | 0.9 | 0.0% | 0.0% | Same New | Guidance: 0.9 for 2025 | ||
Insider Activity
Updated 8/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Del, Nero Jonathan M | Vice President, Controller | Direct | Sell | 8132026 | 518.56 | 547 | 283,653 | 1,520,942 | Form |
| 2 | Mikes, Mark Eugene | President Electrical Solutions | Direct | Sell | 2192026 | 523.73 | 2,601 | 1,362,222 | 1,357,508 | Form |
| 3 | Flynn, Alyssa R | Chief Human Resources Officer | Direct | Sell | 2102026 | 497.13 | 1,228 | 610,480 | 1,347,730 | Form |
| 4 | Bakker, Gerben | Chairman, President & CEO | Direct | Sell | 2102026 | 498.97 | 25,233 | 12,590,627 | 32,143,947 | Form |
| 5 | Malloy, John F | Direct | Buy | 11192025 | 429.24 | 435 | 186,719 | 8,192,177 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Del, Nero Jonathan M | Vice President, Controller | Direct | Sell | 8132026 | 518.56 | 547 | 283,653 | 1,520,942 | Form |
| 2 | Mikes, Mark Eugene | President Electrical Solutions | Direct | Sell | 2192026 | 523.73 | 2,601 | 1,362,222 | 1,357,508 | Form |
| 3 | Flynn, Alyssa R | Chief Human Resources Officer | Direct | Sell | 2102026 | 497.13 | 1,228 | 610,480 | 1,347,730 | Form |
| 4 | Bakker, Gerben | Chairman, President & CEO | Direct | Sell | 2102026 | 498.97 | 25,233 | 12,590,627 | 32,143,947 | Form |
| 5 | Malloy, John F | Direct | Buy | 11192025 | 429.24 | 435 | 186,719 | 8,192,177 | Form | |
| 6 | Mikes, Mark Eugene | President Electrical Solutions | Direct | Sell | 11062025 | 466.50 | 2,470 | 1,152,253 | 2,232,199 | Form |
| 7 | Flynn, Alyssa R | Chief Human Resources Officer | Direct | Sell | 11042025 | 470.32 | 2,011 | 945,814 | 1,525,248 | Form |
Investor Activity (13F)
Updated Oct 28, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| United Bank | $140.3 Mil | 18.0% | 239 | Hold | 13F |
| Troy Asset Management Ltd | $271.9 Mil | 8.1% | 30 | Hold | 13F |
| Albar Capital Partners LLP | $21.4 Mil | 3.5% | 36 | New | 13F |
| Mirova US LLC | $282.6 Mil | 3.2% | 42 | ADD +20.3% | 13F |
| Joho Capital LLC | $11.7 Mil | 3.1% | 10 | New | 13F |
| 2Xideas AG | $6.3 Mil | 2.5% | 47 | ADD +44.7% | 13F |
| Walter Public Investments Inc. | $10.4 Mil | 2.5% | 48 | TRIM -21.3% | 13F |
| St. James Investment Company, LLC | $11.3 Mil | 1.8% | 22 | Hold | 13F |
| SailingStone Capital Partners LLC | $5.9 Mil | 1.3% | 17 | Hold | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Mirova US LLC | $282.6 Mil | 3.2% | 42 | ADD +20.3% | 13F |
| Troy Asset Management Ltd | $271.9 Mil | 8.1% | 30 | Hold | 13F |
| United Bank | $140.3 Mil | 18.0% | 239 | Hold | 13F |
| Albar Capital Partners LLP | $21.4 Mil | 3.5% | 36 | New | 13F |
| Joho Capital LLC | $11.7 Mil | 3.1% | 10 | New | 13F |
| St. James Investment Company, LLC | $11.3 Mil | 1.8% | 22 | Hold | 13F |
| Walter Public Investments Inc. | $10.4 Mil | 2.5% | 48 | TRIM -21.3% | 13F |
| 2Xideas AG | $6.3 Mil | 2.5% | 47 | ADD +44.7% | 13F |
| SailingStone Capital Partners LLC | $5.9 Mil | 1.3% | 17 | Hold | 13F |
Hubbell — Investor Video Playlist
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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