Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company operates through two segments, Electrical Solution and Utility Solution. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market. It also designs and manufactures various industrial controls, and communication systems for use in the non-residential and industrial markets, as well as in the oil and gas, and mining industries. This segment sells its products through electrical and industrial distributors, home centers, retail and hardware outlets, lighting showrooms, and residential product oriented Internet sites; and special application products primarily through wholesale distributors to contractors, industrial customers, and original equipment manufacturers. The Utility Solution segment designs, manufactures, and sells distribution, transmission, substation, and telecommunications products. This segment sells its products to distributors, as well as directly to users, such as utilities, telecommunication companies, industrial firms, construction and engineering firms, and civil construction, water utility, transportation industries. The company was founded in 1888 and is headquartered in Shelton, Connecticut.
IPO Year: 2015
Exchange: NYSE
Website: hubbell.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/26/2024 | $493.00 → $473.00 | Buy → Hold | Deutsche Bank |
| 11/5/2024 | $535.00 | Outperform | Bernstein |
| 10/10/2024 | $385.00 → $454.00 | Overweight → Neutral | JP Morgan |
| 9/6/2024 | $431.00 → $441.00 | Hold → Buy | Deutsche Bank |
| 9/6/2024 | $407.00 | Equal-Weight | Morgan Stanley |
| 3/11/2024 | $427.00 | Hold | Deutsche Bank |
| 12/8/2023 | $338.00 | Outperform | TD Cowen |
| 12/4/2023 | $325.00 | Equal Weight | Barclays |
| 11/17/2023 | $333.00 → $335.00 | Neutral → Overweight | JP Morgan |
| 11/8/2023 | $325.00 | Buy | Seaport Research Partners |
Deutsche Bank downgraded Hubbell from Buy to Hold and set a new price target of $473.00 from $493.00 previously
Bernstein initiated coverage of Hubbell with a rating of Outperform and set a new price target of $535.00
JP Morgan downgraded Hubbell from Overweight to Neutral and set a new price target of $454.00 from $385.00 previously
Deutsche Bank upgraded Hubbell from Hold to Buy and set a new price target of $441.00 from $431.00 previously
Morgan Stanley initiated coverage of Hubbell with a rating of Equal-Weight and set a new price target of $407.00
Deutsche Bank initiated coverage of Hubbell with a rating of Hold and set a new price target of $427.00
TD Cowen initiated coverage of Hubbell with a rating of Outperform and set a new price target of $338.00
Barclays initiated coverage of Hubbell with a rating of Equal Weight and set a new price target of $325.00
JP Morgan upgraded Hubbell from Neutral to Overweight and set a new price target of $335.00 from $333.00 previously
Seaport Research Partners initiated coverage of Hubbell with a rating of Buy and set a new price target of $325.00
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Shelton, CT, June 07, 2023 (GLOBE NEWSWIRE) -- Hubbell Announces New Segment Leadership Allan Connolly, current President of Hubbell Utility Solutions segment retiringGreg Gumbs appointed President of Hubbell Utility Solutions segmentMark Mikes appointed President of Hubbell Electrical Solutions segment Shelton, CT, June 7, 2023 - Hubbell Incorporated (NYSE:HUBB) ("Hubbell" or the "Company") today announced that Allan Connolly, President of Hubbell Utility Solutions ("HUS"), will retire effective July 1, 2023. Greg Gumbs will serve as President of HUS upon Mr. Connolly's retirement. The Company further announced today the appointment of Mark Mikes as President of the Hubbell Electrica
Shelton, CT, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE:HUBB) ("Hubbell" or the "Company") today announced that Pete Lau has stepped down as President of Hubbell's Electrical Solutions ("HES") segment, effective September 30, 2022. His departure follows a mutual determination by the Company and Mr. Lau to transition HES to new leadership. Mr. Lau will be pursuing opportunities outside the Company following his departure. Hubbell has initiated a search to identify the next leader for HES, and the Company expects to consider both internal and external candidates for the role. During this interim period, the leaders of the segment's four strategic business units will rep