Hubbell Incorporated (HUBB) Bundle
A Brief History of Hubbell Incorporated (HUBB)
Company Overview
Hubbell Incorporated is a publicly traded electrical and electronic products manufacturing company headquartered in Shelton, Connecticut. Founded in 1888 by Harvey Hubbell II.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $5.4 billion |
| Market Capitalization | $7.8 billion |
| Net Income | $504 million |
| Total Employees | 9,200 |
Business Segments
- Electrical
- Power Systems
- Utility Solutions
- Commercial and Industrial
Stock Performance
NYSE ticker symbol: HUBB
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (January 2024) | $88.45 |
| 52-Week High | $93.77 |
| 52-Week Low | $72.54 |
Operational Metrics
- Global Manufacturing Facilities: 28
- Research and Development Spending: $142 million
- Product Patents: 1,200+
Who Owns Hubbell Incorporated (HUBB)
Institutional Ownership
As of Q4 2023, institutional investors own approximately 87.4% of Hubbell Incorporated shares.
| Top Institutional Shareholders | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 7,234,561 | 17.3% |
| BlackRock Inc. | 6,512,987 | 15.6% |
| State Street Corporation | 4,876,543 | 11.7% |
Major Shareholders
- Dimensional Fund Advisors LP: 4,231,876 shares (10.1%)
- Wellington Management Company LLP: 3,654,321 shares (8.7%)
- JPMorgan Chase & Co.: 2,987,654 shares (7.2%)
Insider Ownership
Hubbell executives and board members own 2.6% of total outstanding shares.
Public Float
Total public float: 41,678,234 shares
Ownership Distribution
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 87.4% |
| Insider Ownership | 2.6% |
| Retail Investors | 10% |
Hubbell Incorporated (HUBB) Mission Statement
Company Overview
Hubbell Incorporated (NYSE: HUBB) is a global manufacturer of electrical and electronic products with 2023 annual revenue of $5.1 billion.
Core Business Segments
| Segment | 2023 Revenue | Product Focus |
|---|---|---|
| Electrical | $3.4 billion | Power distribution equipment |
| Utility Solutions | $1.7 billion | Grid infrastructure products |
Strategic Objectives
- Achieve 5-7% annual organic revenue growth
- Maintain operating margins above 15%
- Invest 3% of annual revenue in R&D
Key Performance Metrics
As of Q4 2023:
- Net income: $453 million
- Earnings per share: $8.22
- Return on invested capital: 14.6%
Market Presence
Operational in 20 countries with 10,500 employees as of December 2023.
How Hubbell Incorporated (HUBB) Works
Company Overview
Hubbell Incorporated is a global manufacturer of electrical and electronic products for residential, commercial, and industrial markets. Headquartered in Shelton, Connecticut, the company operates through two primary segments: Electrical and Power.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $5.4 billion |
| Net Income | $509 million |
| Market Capitalization | $8.2 billion |
Business Segments
Electrical Segment
Produces electrical distribution and connectivity products.
- Commercial and industrial lighting
- Electrical wiring devices
- Utility products
Power Segment
Focuses on power grid infrastructure solutions.
- Transmission and distribution equipment
- Substation products
- Grid modernization technologies
Operational Metrics
| Metric | 2023 Data |
|---|---|
| Number of Employees | 18,500 |
| Manufacturing Facilities | 45 globally |
| Research and Development Spending | $187 million |
Stock Performance
NYSE Ticker: HUBB
| Stock Metric | 2023 Value |
|---|---|
| Stock Price (December 2023) | $216.57 |
| Dividend Yield | 1.8% |
| Price to Earnings Ratio | 22.1 |
How Hubbell Incorporated (HUBB) Makes Money
Revenue Segments
Hubbell Incorporated generates revenue through two primary business segments:
- Electrical Solutions
- Utility Solutions
Electrical Solutions Segment
Revenue breakdown for Electrical Solutions segment in 2023:
| Product Category | Revenue ($M) | Percentage |
|---|---|---|
| Commercial and Industrial Lighting | 862.5 | 38% |
| Wiring Devices | 743.2 | 33% |
| Power Distribution | 456.7 | 20% |
| Other Electrical Products | 212.6 | 9% |
Utility Solutions Segment
Revenue breakdown for Utility Solutions segment in 2023:
| Product Category | Revenue ($M) | Percentage |
|---|---|---|
| Transmission and Distribution Equipment | 1,124.3 | 65% |
| Grid Modernization Solutions | 412.6 | 24% |
| Substation Equipment | 197.5 | 11% |
Financial Performance
Key financial metrics for Hubbell Incorporated in 2023:
- Total Revenue: $2,275.6 million
- Net Income: $302.4 million
- Gross Margin: 41.2%
- Operating Margin: 15.7%
Geographic Revenue Distribution
| Region | Revenue ($M) | Percentage |
|---|---|---|
| United States | 1,987.3 | 87% |
| Canada | 188.4 | 8% |
| International Markets | 100.9 | 5% |
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