Wells Fargo & Company MN boosted its holdings in ABB Ltd (NYSE:ABB) by 27.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 954,923 shares of the industrial products company’s stock after buying an additional 204,251 shares during the period. Wells Fargo & Company MN’s holdings in ABB were worth $23,635,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Richard C. Young & CO. LTD. increased its stake in ABB by 0.7% in the 3rd quarter. Richard C. Young & CO. LTD. now owns 452,222 shares of the industrial products company’s stock worth $11,192,000 after buying an additional 3,317 shares in the last quarter. ETRADE Capital Management LLC increased its stake in ABB by 35.1% in the 3rd quarter. ETRADE Capital Management LLC now owns 36,446 shares of the industrial products company’s stock worth $902,000 after buying an additional 9,466 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of ABB by 92.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 117,841 shares of the industrial products company’s stock valued at $2,917,000 after purchasing an additional 56,751 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of ABB by 6.3% during the 3rd quarter. Pacer Advisors Inc. now owns 56,662 shares of the industrial products company’s stock valued at $1,402,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Edge Advisors LLC boosted its holdings in shares of ABB by 7.6% during the 3rd quarter. Edge Advisors LLC now owns 91,257 shares of the industrial products company’s stock valued at $2,258,000 after purchasing an additional 6,442 shares during the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

ABB Ltd (NYSE ABB) opened at $26.00 on Friday. ABB Ltd has a 1-year low of $20.93 and a 1-year high of $26.48. The company has a market cap of $56,371.85, a PE ratio of 20.80, a price-to-earnings-growth ratio of 3.38 and a beta of 1.05. The company has a current ratio of 1.37, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48.

ABB (NYSE:ABB) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. ABB had a net margin of 6.79% and a return on equity of 18.65%. The business had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue was up 5.7% on a year-over-year basis. equities research analysts forecast that ABB Ltd will post 1.24 earnings per share for the current fiscal year.

Several research analysts have commented on ABB shares. Zacks Investment Research downgraded shares of ABB from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. J P Morgan Chase & Co reissued a “neutral” rating on shares of ABB in a report on Friday, November 24th. Robert W. Baird set a $28.00 price objective on shares of ABB and gave the company a “buy” rating in a report on Thursday, August 24th. Deutsche Bank raised shares of ABB from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Finally, Jefferies Group set a $20.00 price objective on shares of ABB and gave the company a “sell” rating in a report on Tuesday, November 28th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. ABB has a consensus rating of “Hold” and an average price target of $26.00.

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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.

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Institutional Ownership by Quarter for ABB (NYSE:ABB)

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