Hubbell Inc Stock Research

Market Summary

USD234.30-1.96

Market Closed

-0.83%

HUBB Stock Price

HUBB RSI Chart

HUBB Valuation

Market Cap

12.6B

Price/Earnings (Trailing)

23.04

Price/Sales (Trailing)

2.54

EV/EBITDA

16.06

Price/Free Cashflow

19.77

HUBB Price/Sales (Trailing)

HUBB Profitability

EBT Margin

13.28%

Return on Equity

23.12%

Return on Assets

10.1%

Free Cashflow Yield

5.06%

HUBB Fundamentals

HUBB Revenue

Revenue (TTM)

4.9B

Revenue Y/Y

10.86%

Revenue Q/Q

-7.34%

HUBB Earnings

Earnings (TTM)

545.9M

Earnings Y/Y

5.13%

Earnings Q/Q

-24.8%

Price Action

52 Week Range

170.21261.58

(Low)(High)

Last 7 days

-3.0%

Last 30 days

-5.8%

Last 90 days

-0.6%

Trailing 12 Months

29.9%

HUBB Financial Health

Current Ratio

1.86

HUBB Investor Care

Dividend Yield

1.82%

Dividend/Share (TTM)

4.27

Buy Backs (1Y)

1.52%

Diluted EPS (TTM)

10.07

Peers (Alternatives to Hubbell)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ETN	66.1B	20.8B	-2.72%	10.77%	26.84	3.18	5.73%	14.83%
EMR	47.8B	18.5B	2.04%	-12.40%	10.25	2.58	7.53%	69.43%
AME	31.8B	6.2B	-3.20%	4.62%	27.4	5.16	10.89%	17.12%
HUBB	12.6B	4.9B	-5.80%	29.85%	23.04	2.54	17.97%	43.13%
MID-CAP
GNRC	6.9B	4.6B	-5.41%	-65.51%	17.34	1.52	22.14%	-27.43%
PLUG	6.8B	701.4M	-18.92%	-57.67%	-9.34	9.64	39.63%	-57.41%
AYI	5.7B	4.1B	-8.43%	-6.92%	15.25	1.39	13.43%	11.07%
BE	3.5B	1.2B	-16.35%	-22.03%	-11.08	2.91	23.34%	-62.95%
SMALL-CAP
EAF	1.1B	1.3B	-19.38%	-55.94%	2.98	0.89	-4.80%	-1.38%
AZZ	958.2M	1.6B	-2.73%	-20.01%	-29.56	0.6	131.42%	-141.26%
THR	822.3M	420.7M	-6.30%	41.58%	23.73	1.95	28.88%	234.59%
LYTS	382.2M	493.5M	-5.36%	123.48%	17.8	0.77	27.59%	171.54%
OESX	61.4M	77.8M	3.21%	-35.02%	-2.02	0.79	-43.54%	-203.44%
EFOI	5.0M	7.7M	-2.78%	-64.82%	-0.47	0.65	-31.20%	-104.24%

Financials for Hubbell

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.5%	4,948	4,828	4,596	4,394	4,194
Gross Profit	5.5%	1,472	1,395	1,297	1,212	1,152
S&GA Expenses	5.4%	763	723	684	647	619
EBITDA	5.4%	756	717	641	571	-
EBITDA Margin	2.9%	0.15*	0.15*	0.14*	0.12*	-
Earnings Before Taxes	5.3%	657	624	566	497	459
EBT Margin	2.7%	0.13*	0.13*	0.12*	0.10*	-
Interest Expenses	3.1%	-49.60	-51.20	-52.70	-52.60	-54.70
Net Income	0.9%	546	541	510	484	381
Net Income Margin	-1.5%	0.11*	0.11*	0.11*	0.10*	-
Free Cahsflow	2.7%	636	619	479	440	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.2%	5,403	5,338	5,238	5,170	5,282
Current Assets	1.3%	2,021	1,995	2,034	1,927	1,879
Cash Equivalents	20.1%	441	367	424	359	286
Inventory	0.2%	741	739	720	709	662
Net PPE	10.3%	528	479	465	460	460
Goodwill	2445.9%	1,971	77.00	1,859	1,871	1,871
Liabilities	0.8%	3,032	3,008	2,970	2,945	3,041
Current Liabilities	2.4%	1,089	1,063	1,003	962	1,065
LT Debt, Non Current	0.0%	1,438	1,437	1,437	1,436	1,436
Shareholder's Equity	1.8%	2,361	2,319	2,257	2,213	2,230
Retained Earnings	5.7%	2,706	2,560	-	-	-
Additional Paid-In Capital	NaN%	-	-	-	-	-
Shares Outstanding	-1.5%	54.00	55.00	-	-	-
Minority Interest	-15.7%	10.00	12.00	11.00	11.00	11.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	2.7%	636	619	498	446	514
Share Based Compensation	3.8%	25.00	24.00	21.00	19.00	18.00
Cashflow From Investing	-74.3%	18.00	70.00	246	261	-72.10
Cashflow From Financing	16.1%	-437	-520	-532	-775	-433
Buy Backs	21.3%	182	150	150	145	11.00

Risks for HUBB

What is the probability of a big loss on HUBB?

48.5%

Probability that Hubbell stock will be more than 20% underwater in next one year

18.5%

Probability that Hubbell stock will be more than 30% underwater in next one year.

Probability that Hubbell stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HUBB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Hubbell was unfortunately bought at previous high price.

Drawdowns

Returns for HUBB

Cumulative Returns on HUBB

11.5%

10-Year Cumulative Returns

15.2%

7-Year Cumulative Returns

17.0%

5-Year Cumulative Returns

41.4%

3-Year Cumulative Returns

What are the long-term rolling returns for HUBB?

FIve years rolling returns for Hubbell.

Annualized Returns

Which funds bought or sold HUBB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	BAILLIE GIFFORD & CO	unchanged	-	1,417	20,417	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-15.49	-38,313,100	308,084,000	0.34%
2023-03-07	Nordwand Advisors, LLC	new	-	6,382,120	6,382,120	0.80%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	added	120	315,079	554,079	0.03%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	sold off	-100	-296,000	-	-%
2023-03-06	Rockefeller Capital Management L.P.	added	1.9	35,000	527,000	-%
2023-03-03	TIAA, FSB	reduced	-0.09	60,895	1,253,900	-%
2023-02-28	Voya Investment Management LLC	reduced	-1.92	1,713,650	54,960,600	0.08%
2023-02-24	National Pension Service	new	-	20,581,400	20,581,400	0.04%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	98,000	1,963,000	0.02%

Latest Funds Activity

Are funds buying HUBB calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own HUBB

No. of Funds

Hubbell News

Schedule 13G FIlings of Hubbell

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	6.6%	3,518,326	SC 13G/A
Feb 09, 2023	blackrock inc.	10.1%	5,424,991	SC 13G/A
Feb 09, 2023	vanguard group inc	10.49%	5,635,364	SC 13G/A
Jan 26, 2023	blackrock inc.	9.99%	5,367,883	SC 13G/A
Jan 20, 2023	blackrock inc.	9.99%	5,367,883	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	6.1%	3,344,626	SC 13G
Feb 10, 2022	vanguard group inc	9.98%	5,430,893	SC 13G/A
Feb 10, 2022	vanguard group inc	10.02%	5,453,406	SC 13G/A
Feb 04, 2022	american century investment management inc	2.33%	1,267,915	SC 13G/A
Feb 01, 2022	blackrock inc.	8.5%	4,600,724	SC 13G/A

HUBB Fair Value

Hubbell fair value in different scenarios

The table shows the Fair Value estimates for Hubbell for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	96.64 -58.75%	120.54 -48.55%	182.34 -22.18%	235.51 0.52%	293.33 25.19%
Current Inflation	89.96 -61.60%	110.65 -52.77%	162.79 -30.52%	207.31 -11.52%	255.68 9.13%
Very High Inflation	81.63 -65.16%	98.56 -57.93%	139.71 -40.37%	174.55 -25.50%	212.38 -9.36%

Historical Hubbell Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Hubbell

View All Filings

Date Filed	Form Type	Document
Mar 20, 2023	ARS	ARS
Mar 20, 2023	DEF 14A	DEF 14A
Mar 20, 2023	DEFA14A	DEFA14A
Feb 22, 2023	8-K	Current Report
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 15, 2023	4	Insider Trading
Feb 15, 2023	4	Insider Trading
Feb 15, 2023	4	Insider Trading

Latest Insider Trading transactions for HUBB

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-13	LANE KATHERINE ANNE	sold (taxes)	-96,250	244	-394	senior vp, gc & secretary
2023-02-13	Connolly Allan	sold (taxes)	-150,727	244	-617	president, utility solutions
2023-02-13	DEL NERO JONATHAN M.	sold (taxes)	-9,771	244	-40.00	vice president, controller
2023-02-13	Bakker Gerben	sold (taxes)	-628,314	244	-2,572	chairman, president & ceo
2023-02-13	Sperry William R	sold (taxes)	-303,164	244	-1,241	executive vp and cfo
2023-02-13	FLYNN ALYSSA R	sold (taxes)	-23,451	244	-96.00	chief human resources officer
2023-02-07	FLYNN ALYSSA R	sold (taxes)	-51,289	241	-212	chief human resources officer
2023-02-07	DEL NERO JONATHAN M.	acquired	-	-	164	vice president, controller
2023-02-07	DEL NERO JONATHAN M.	sold (taxes)	-14,273	241	-59.00	vice president, controller
2023-02-07	FLYNN ALYSSA R	acquired	-	-	544	chief human resources officer

About Hubbell

Gerben Wilhelm Marinus Bakker

www.hubbell.com

18300

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. It 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 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, such as arresters, insulators, connectors, anchors, bushings, and enclosures; and utility infrastructure products, including smart meters, communications systems, and protection and control devices. This segment sells its products to distributors, as well as directly to users, such as utilities, telecommunication companies, industrial firms, and construction and engineering firms. Its brand portfolio includes Hubbell, Kellems, Bryant, Burndy, CMC, Bell, TayMac, Wiegmann, Killark, Hawke, Aclara, Fargo, Quazite, Hot Box, etc. The company was founded in 1888 and is headquartered in Shelton, Connecticut.

HUBB Income Statement

2022-09-30

Condensed Consolidated Statements of Income (unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 1,316.2	$ 1,083.4	$ 3,728.3	$ 3,094.0
Cost of goods sold	917.7	782.3	2,623.5	2,232.4
Gross profit	398.5	301.1	1,104.8	861.6
Selling & administrative expenses	194.9	155.2	567.7	463.6
Operating income	203.6	145.9	537.1	398.0
Interest expense, net	(12.1)	(13.6)	(37.9)	(41.4)
Loss on disposition of business	0.0	(0.1)	0.0	(6.9)
Loss on extinguishment of debt	0.0	0.0	0.0	(16.8)
Pension charge (Note 13)	(1.5)	0.0	(5.9)	0.0
Other income, net	0.8	0.8	6.9	2.5
Total other expense	(12.8)	(12.9)	(36.9)	(62.6)
Income from continuing operations before income taxes	190.8	133.0	500.2	335.4
Provision for income taxes	38.8	27.5	107.3	65.6
Net income from continuing operations	152.0	105.5	392.9	269.8
Less: Net income from continuing operations attributable to noncontrolling interest	(1.7)	(2.1)	(4.5)	(4.3)
Net income from continuing operations attributable to Hubbell Incorporated	150.3	103.4	388.4	265.5
(Loss) income from discontinued operations, net of tax (Note 2)	(11.2)	5.0	52.9	16.4
Net Income attributable to Hubbell Incorporated	$ 139.1	$ 108.4	$ 441.3	$ 281.9
Earnings per share:
Basic earnings per share from continuing operations (USD per share)	$ 2.79	$ 1.89	$ 7.20	$ 4.88
Basic earnings per share from discontinued operations (USD per share)	(0.21)	0.10	0.98	0.30
Basic earnings per share (USD per share)	2.58	1.99	8.18	5.18
Diluted earnings per share from continuing operations (USD per share)	2.78	1.88	7.16	4.84
Diluted earnings per share from discontinued operations (USD per share)	(0.21)	0.10	0.98	0.30
Diluted earnings per share (USD per share)	2.57	1.98	8.14	5.14
Cash dividends per common share (USD per share)	$ 1.05	$ 0.98	$ 3.15	$ 2.94

HUBB Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 366.9	$ 286.2
Short-term investments	12.5	9.4
Accounts receivable (net of allowances of $14.8 and $10.6)	800.5	675.3
Inventories, net	739.0	662.1
Other current assets	75.6	66.8
Assets held for sale - current	0.0	179.5
Total Current Assets	1,994.5	1,879.3
Property, Plant, and Equipment, net	478.5	459.5
Other Assets
Investments	66.6	69.1
Goodwill	1,948.8	1,871.3
Other intangible assets, net	690.3	681.5
Other long-term assets	159.7	143.7
Assets held for sale - non-current	0.0	177.1
TOTAL ASSETS	5,338.4	5,281.5
Current Liabilities
Short-term debt	4.0	9.7
Accounts payable	569.9	532.8
Accrued salaries, wages and employee benefits	107.9	94.7
Accrued insurance	74.5	73.3
Other accrued liabilities	306.2	263.4
Liabilities held for sale - current	0.0	91.3
Total Current Liabilities	1,062.5	1,065.2
Long-Term Debt	1,437.3	1,435.5
Other Non-Current Liabilities	508.4	521.3
Liabilities held for sale - non-current	0.0	18.8
TOTAL LIABILITIES	3,008.2	3,040.8
Hubbell Incorporated Shareholders’ Equity	2,318.7	2,229.8
Noncontrolling interest	11.5	10.9
TOTAL EQUITY	2,330.2	2,240.7
TOTAL LIABILITIES AND EQUITY	$ 5,338.4	$ 5,281.5