Jarislowsky Fraser Ltd lowered its stake in shares of ABB Ltd (NYSE:ABB) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,807 shares of the industrial products company’s stock after selling 3,257 shares during the period. Jarislowsky Fraser Ltd’s holdings in ABB were worth $3,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ABB. First Trust Advisors LP boosted its holdings in ABB by 6,598.1% during the second quarter. First Trust Advisors LP now owns 849,384 shares of the industrial products company’s stock worth $21,150,000 after buying an additional 836,703 shares during the last quarter. Folketrygdfondet boosted its holdings in ABB by 41.0% during the second quarter. Folketrygdfondet now owns 2,787,278 shares of the industrial products company’s stock worth $69,403,000 after buying an additional 810,000 shares during the last quarter. Royal Bank of Canada boosted its holdings in ABB by 58.4% during the second quarter. Royal Bank of Canada now owns 2,059,313 shares of the industrial products company’s stock worth $51,278,000 after buying an additional 759,112 shares during the last quarter. Bowen Hanes & Co. Inc. boosted its holdings in ABB by 999.5% during the second quarter. Bowen Hanes & Co. Inc. now owns 786,265 shares of the industrial products company’s stock worth $19,578,000 after buying an additional 714,755 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in ABB by 14.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,458,598 shares of the industrial products company’s stock worth $86,119,000 after buying an additional 432,665 shares during the last quarter. Hedge funds and other institutional investors own 4.44% of the company’s stock.

ABB Ltd (ABB) opened at $25.48 on Tuesday. ABB Ltd has a 1-year low of $20.26 and a 1-year high of $26.48. The company has a current ratio of 1.37, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $54,984.23, a PE ratio of 20.29, a PEG ratio of 3.33 and a beta of 1.06.

ABB (NYSE:ABB) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. ABB had a return on equity of 18.65% and a net margin of 6.79%. The business had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the firm earned $0.32 EPS. ABB’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts forecast that ABB Ltd will post 1.23 earnings per share for the current fiscal year.

ABB has been the topic of a number of recent analyst reports. Zacks Investment Research cut ABB from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. BidaskClub cut ABB from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Robert W. Baird set a $28.00 price objective on ABB and gave the company a “buy” rating in a report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) upgraded ABB from a “neutral” rating to a “conviction-buy” rating in a report on Tuesday, October 31st. Finally, UBS AG reiterated a “sell” rating on shares of ABB in a report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. ABB presently has a consensus rating of “Hold” and a consensus price target of $23.50.

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ABB Profile

ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.

Institutional Ownership by Quarter for ABB (NYSE:ABB)

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