Whittier Trust Co. lowered its position in shares of ABB Ltd. (NYSE:ABB) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,155 shares of the company’s stock after selling 350 shares during the period. Whittier Trust Co.’s holdings in ABB were worth $222,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of ABB. Wellington Management Group LLP increased its stake in ABB by 3.6% in the first quarter. Wellington Management Group LLP now owns 11,362,353 shares of the company’s stock worth $220,657,000 after buying an additional 390,035 shares during the period. JPMorgan Chase & Co. increased its stake in ABB by 0.9% in the first quarter. JPMorgan Chase & Co. now owns 2,288,935 shares of the company’s stock worth $44,451,000 after buying an additional 21,284 shares during the period. UBS Group AG increased its stake in ABB by 47.5% in the first quarter. UBS Group AG now owns 856,662 shares of the company’s stock worth $16,636,000 after buying an additional 275,986 shares during the period. Trillium Asset Management LLC increased its stake in ABB by 0.3% in the second quarter. Trillium Asset Management LLC now owns 722,362 shares of the company’s stock worth $14,324,000 after buying an additional 2,234 shares during the period. Finally, Grandfield & Dodd LLC increased its stake in ABB by 3.1% in the second quarter. Grandfield & Dodd LLC now owns 606,866 shares of the company’s stock worth $12,034,000 after buying an additional 18,523 shares during the period. 3.27% of the stock is owned by institutional investors.
ABB Ltd. (NYSE:ABB) traded up 0.40% during trading on Friday, hitting $22.34. The stock had a trading volume of 1,110,586 shares. ABB Ltd. has a 52 week low of $15.74 and a 52 week high of $22.92. The firm has a market cap of $47.52 billion, a PE ratio of 28.98 and a beta of 1.20. The company’s 50-day moving average is $22.36 and its 200 day moving average is $21.02.
ABB (NYSE:ABB) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.09. ABB had a return on equity of 16.86% and a net margin of 4.91%. The firm earned $8.68 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period last year, the company posted $0.33 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities analysts expect that ABB Ltd. will post $1.08 EPS for the current fiscal year.
A number of analysts recently issued reports on ABB shares. HSBC downgraded shares of ABB from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. Goldman Sachs Group Inc. reissued a “sell” rating on shares of ABB in a research report on Thursday, September 22nd. Zacks Investment Research raised shares of ABB from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, September 20th. Citigroup Inc. reissued a “sell” rating on shares of ABB in a research report on Thursday. Finally, Robert W. Baird increased their target price on shares of ABB from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 5th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. ABB has an average rating of “Hold” and a consensus target price of $23.75.
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications.
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