Hubbell
Makes grid hardware, smart metering systems, and electrical products for buildings and industry.
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Profile
Sells grid transmission and distribution hardware, smart metering and control systems, plus wiring devices, connectors, and other equipment used inside facilities. Most revenue comes from Utility Solutions, making electric-utility purchasing the central demand dependency, while Electrical Solutions serves construction, industrial, and data-center applications.
Builds the hardware and controls that move, measure, connect, and protect electrical power, organized as Utility Solutions and Electrical Solutions. Utility Solutions—the larger segment—supplies transmission and distribution components, smart meters and communications, and substation protection and control equipment for electric utilities, with additional gas, telecommunications, and metering applications. Electrical Solutions sells wiring devices, rough-in products, connectors, grounding equipment, enclosures, controls, and hazardous-location products for industrial, commercial, institutional, and data-center facilities.
Execution rests on a broad brand portfolio, distributor relationships, short-cycle manufacturing, and acquisitions that extend core product lines; the completed NSI Industries acquisition added fittings, connectors, components, and wire management. Sales are overwhelmingly U.S.-based, and results depend on utility purchasing, construction and industrial demand, commodity and component costs, tariffs, and acquired-business integration.
Company facts
Key statistics
Year to date −0.7% · Average volume (30d) 558.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 20, 2026 | Robert W. Baird | Target | $550 | ||
| Jun 16, 2026 | UBS | Target | $450 | $515 | |
| May 4, 2026 | Stephens | Target | $550 | $600 | |
| May 4, 2026 | Barclays | Reiterate | Equal Weight | $481 | $503 |
| Mar 11, 2026 | Morgan Stanley | Reiterate | Equal Weight | $515 | $565 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $5.39 | $5.52 | +2.4% | $1.66B | $1.71B | +3.0% | −4.69% |
| Apr 30, 2026Q1 FY26 | $3.87 | $3.93 | +1.6% | $1.50B | $1.52B | +1.0% | +0.05% |
| Feb 3, 2026Q4 FY25 | $4.71 | $4.73 | +0.4% | $1.49B | $1.49B | +0.3% | −3.31% |
| Oct 28, 2025Q3 FY25 | $4.98 | $5.17 | +3.8% | $1.54B | $1.50B | −2.1% | +3.78% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.37B | $1.48B | $1.50B | $1.49B | $1.52B | $1.71B | |
| Gross profit | $451.2M | $552.1M | $544.3M | $527.9M | $505.3M | $613.0M | |
| Operating income | $239.0M | $336.3M | $330.6M | $314.9M | $263.8M | $348.6M | |
| Net income | $169.7M | $244.2M | $255.5M | $224.2M | $181.8M | $240.4M | |
| Diluted EPS | $3.15 | $4.56 | $4.77 | $4.19 | $3.41 | $4.51 | |
| Gross margin | 33.1% | 37.2% | 36.2% | 35.4% | 33.3% | 35.8% | |
| Operating margin | 17.5% | 22.7% | 22.0% | 21.1% | 17.4% | 20.4% |
Fiscal years (4-quarter sums)FY21 $3.80B · FY22 $4.95B · FY23 $5.37B · FY24 $5.63B · FY25 $5.84B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $394.7M · Total debt $5.37B · Total assets $11.85B · Shareholders' equity $3.92B
Dividends
Raised for 40 straight years — most recently to $1.42 from $1.32 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 15 | $1.42 | |
| Feb 27, 2026 | Feb 27 | Mar 16 | $1.42 | |
| Nov 28, 2025 | Nov 28 | Dec 15 | $1.42 | raised from $1.32 |
| Aug 29, 2025 | Aug 29 | Sep 15 | $1.32 | |
| May 30, 2025 | May 30 | Jun 16 | $1.32 | |
| Feb 28, 2025 | Feb 28 | Mar 17 | $1.32 | |
| Nov 29, 2024 | Nov 29 | Dec 16 | $1.32 | raised from $1.22 |
| Aug 30, 2024 | Aug 30 | Sep 16 | $1.22 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 52.83M · Float 52.63M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.69M | 8.88% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 3.45M | 6.54% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 2.68M | 5.07% | 13F | Aug 13, 2026 |
| State Street Corp | 2.39M | 4.52% | 13F | Aug 7, 2026 |
| Massachusetts Financial Services Co /MA/ | 1.55M | 2.93% | 13F | Aug 3, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Jonathan M. del Nero | officer: Vice President, Controller | −547 | $518.56 |
| Feb 17, 2026 | Mark Eugene Mikes | officer: President Electrical Solutions | −2,601 | $523.73 |
| Feb 9, 2026 | Jonathan M. del Nero | officer: Vice President, Controller | −2,245 | $500.60 |
| Feb 9, 2026 | Katherine Anne Lane | officer: Senior VP, GC & Secretary | −4,610 | $505.60 |
| Feb 6, 2026 | Gerben Bakker | director, officer: Chairman, President & CEO | −25,233 | $498.97 |
Peers
- Eaton
Broadest segment overlap: T&D hardware, wiring, enclosures, and substations.
- Itron
Direct Aclara rival in AMI, grid edge intelligence, and meter analytics.
- nVent Electric
Primary rival in enclosures, fastening, and grounding for electrical markets.
- Atkore
Conduit, cable management, and enclosures rival in construction channels.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hubbell | $464.00 | +0.93% | $24.29B | 27.2 | 21.3 | 3.9 | +15.3% |
| Eaton | $403.75 | +0.23% | $156.40B | 41.0 | 26.9 | 5.2 | +21.4% |
| Itron | $97.53 | −0.06% | $4.27B | 16.3 | 15.1 | 1.9 | −7.2% |
| nVent Electric | $148.53 | +0.01% | $24.01B | 40.7 | 25.6 | 5.0 | +52.8% |
| Atkore | $93.51 | −0.10% | $3.16B | — | 15.3 | 1.1 | +8.1% |
| Median | 40.7 | 20.4 | 3.4 | +14.8% |