<div id="readability-page-1"><p><span>Hubbell (NYSE:HUBB - Get Free Report)</span> had its price objective decreased by stock analysts at Barclays  from $475.00 to $422.00 in a report released on Monday,Benzinga reports. The brokerage currently has an &#34;equal weight&#34; rating on the industrial products company's stock. Barclays's price target would suggest a potential upside of 14.17% from the stock's current price.</p><ul><li>Hubbell, Rockwell stocks set to benefit from electrification boom</li></ul><p>A number of other research firms also recently issued reports on HUBB. StockNews.com upgraded Hubbell from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Monday, February 17th. Deutsche Bank Aktiengesellschaft cut shares of Hubbell from a &#34;buy&#34; rating to a &#34;hold&#34; rating and lowered their price target for the company from $493.00 to $473.00 in a research report on Tuesday, November 26th. Wells Fargo &amp; Company cut their price objective on shares of Hubbell from $455.00 to $450.00 and set an &#34;equal weight&#34; rating on the stock in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein initiated coverage on shares of Hubbell in a report on Tuesday, November 5th. They set an &#34;outperform&#34; rating and a $535.00 target price for the company. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company  has an average rating of &#34;Hold&#34; and an average target price of $464.88.</p><p><b>Check Out Our Latest Research Report on Hubbell</b></p><h2>Hubbell Stock Down 0.5 %</h2><ul><li>2 little known AI stocks are up more than 200% this year </li></ul><p>HUBB opened at $369.63 on Monday. Hubbell has a 12 month low of $346.13 and a 12 month high of $481.35. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business's 50-day moving average price is $413.77 and its 200-day moving average price is $424.31. The company has a market cap of $19.84 billion, a P/E ratio of 25.82, a P/E/G ratio of 1.34 and a beta of 0.92. </p><p>Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.02 by $0.08. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.41 billion. Hubbell had a return on equity of 28.62% and a net margin of 13.82%. Hubbell's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.69 EPS.  On average, equities analysts expect that  Hubbell will post 17.63 EPS for the current year. </p><ul><li>Lululemon Athletica Races to New High with S&amp;P 500 Entry</li></ul><p>Hubbell announced that its board has approved a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $500.00 million in  outstanding  shares. This buyback authorization allows the industrial products company to purchase up to 2.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued. </p><h2>Insider Buying and Selling</h2><p>In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of Hubbell stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $389.06, for a total value of $452,865.84. Following the completion of the sale, the insider now owns 4,327 shares of the company's stock, valued at approximately $1,683,462.62. The trade was a 21.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.66% of the stock is owned by corporate insiders. </p><h2>Institutional Trading of Hubbell</h2><p>Hedge funds have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its stake in shares of  Hubbell by 85.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 65 shares of the industrial products company's stock worth $27,000 after purchasing an additional 30 shares during the period.  Groupama Asset Managment raised its position in  Hubbell by 17.0% in the third quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company's stock worth $30,000 after acquiring an additional 1,010 shares during the period.  Stonebridge Financial Group LLC bought a new stake in shares of  Hubbell during the 4th quarter valued at $30,000.  Prospera Private Wealth LLC bought a new stake in shares of  Hubbell during the 3rd quarter valued at $33,000.  Finally, Versant Capital Management Inc increased its stake in shares of  Hubbell by 64.6% in the 4th quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company's stock worth $33,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own  88.16% of the company's stock. </p><h2>Hubbell Company Profile</h2> (Get Free Report)<p>Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, 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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Hubbell</li><li>What does consumer price index measure? </li><li>3M to Hit $175 by Mid-Year, and Higher Highs Are Likely</li><li>EV Stocks and How to Profit from Them </li><li>4 Blockchain Stocks That Aren’t Coinbase</li><li>What Makes a Stock a Good Dividend Stock?</li><li>These 3 Tech Stocks Are Gaining Steam After NVIDIA’s Report</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhVQkI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhVQkI"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Hubbell Right Now?</h2><p>Before you consider Hubbell, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hubbell wasn't on the list.</p><p>While Hubbell currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

HUBB

<p>Barclays has lowered its price target for Hubbell (NYSE:HUBB) from $475.00 to $422.00, maintaining an "equal weight" rating. This suggests a potential upside of 14.17% from the current price. Other analysts have mixed ratings, with five holding and four buying. Hubbell's stock opened at $369.63, with a 12-month range of $346.13 to $481.35. The company reported $4.10 EPS, beating estimates, but revenue fell 0.9% year-over-year. Hubbell also announced a $500 million stock repurchase plan, indicating confidence in its valuation.</p>

Barclays Issues Pessimistic Forecast for Hubbell (NYSE:HUBB) Stock Price