Markets are clawing back from a brutal Thursday selloff, but the real action is in the analyst calls, where BMO Capital just pulled the trigger on three major chip stocks at once and DZ Bank opened SpaceX coverage with a Sell.
Bank of New York Mellon Corp acquired a new stake in Hubbell Inc (NYSE: HUBB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,496,831 shares of the industrial products company's stock, valued at approximately $783,142,000. Bank of New York
Hubbell Incorporated is now fully valued, but its premium is justified by durable secular tailwinds and strong growth visibility. HUBB benefits from grid modernization, electrification, data center demand, and transmission expansion, supporting high margins and superior returns on capital. Recent results show robust revenue and EPS growth, with management confident in continued momentum and raised FY2026 guidance to $20.25–$20.55 adjusted EPS.
Hubbell NYSE: HUBB reported second-quarter 2026 results marked by double-digit sales, adjusted operating profit and adjusted earnings-per-share growth, citing demand in utility transmission and distribution markets as well as data centers. The company also raised its full-year outlook following the early-June close of its acquisition of NSI.
Although the revenue and EPS for Hubbell (HUBB) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hubbell (HUBB) came out with quarterly earnings of $5.52 per share, beating the Zacks Consensus Estimate of $5.31 per share. This compares to earnings of $4.93 per share a year ago.