First Read Hubbell Inc: Nice quarter & raise

Research evidence excerpt

First Read Hubbell Inc: Nice quarter & raise

Forecast returns

Forecast price appreciation 3.4%

Forecast dividend yield 1.2%

Forecast stock return 4.6%

Market return assumption 9.3%

Forecast excess return -4.7%

Company Description

Hubbell Incorporated is a provider of electrical and utility solutions for a broad range of

customer and end-market applications.

Valuation Method and Risk Statement

Our price target is based on a P/E methodology.

Risk Statement: The Electrical Equipment and Multi Industry sector faces a broad range of

risks. It is cyclical in nature with exposure to the underlying cycles inherent in everything from

aviation, auto, trucking and trains to construction and consumer electronics to mining,

power, oil and gas and more depending on the specific stock. EEMI companies are subject to

risks associated with unexpected changes in the underlying global macro environment,

currency and interest rate movements, commodity price inflation as well as company-specific

execution, M&A, integration, labor relations and changes in the competitive or regulatory

environment. These changes can be in the form of product technology, e-commerce and

other digital disruption and/or channel disintermediation. Capacity and related pricing

pressures are also a risk through the cycle. Finally, these multinational companies are subject

to policy changes taking place in the United States and internationally, including those related

to environmental regulation and tariffs.

Specific risks to Hubbell include utility capex, the demand for data centers, increasing

competition in data center, changes to metal prices, and changes to the outlook of the

broader industrial economy.

First Read: Hubbell Inc 28 July 2026 ab 3