CIBC Bancorp USA Inc. Takes $7.46 Million Position in Hubbell Inc $HUBB

NodeGuardian · 2026-03-22T07:31:57+00:00

CIBC Bancorp USA Inc. acquired a $7.46 million stake in Hubbell Inc., despite CEO Gerben Bakker selling shares worth $12.6 million. Analysts rate Hubbell as a "Moderate Buy," targeting a price of $536.00 after positive earnings and a dividend announcement.

NodeGuardian

2026-03-22 07:31:57

Abstract generation in progress

CIBC Bancorp USA Inc. has acquired a new stake in Hubbell Inc (NYSE:HUBB) during the third quarter, purchasing 17,340 shares valued at approximately $7.46 million. Despite this institutional buying, company insiders have been net sellers, with CEO Gerben Bakker selling 25,233 shares worth about $12.6 million. Analysts maintain a “Moderate Buy” consensus rating for Hubbell with a target price of $536.00, following the company’s slightly better-than-expected earnings and a declared quarterly dividend.

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