Raymond James Trust N.A. increased its holdings in shares of ABB Ltd (NYSE:ABB) by 90.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,640 shares of the industrial products company’s stock after purchasing an additional 7,892 shares during the period. Raymond James Trust N.A.’s holdings in ABB were worth $446,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of ABB. Boston Partners bought a new position in ABB during the fourth quarter worth about $85,209,000. Fisher Asset Management LLC grew its holdings in ABB by 5.9% during the fourth quarter. Fisher Asset Management LLC now owns 9,173,754 shares of the industrial products company’s stock worth $246,040,000 after purchasing an additional 515,119 shares during the period. Point72 Asset Management L.P. grew its holdings in ABB by 512.5% during the third quarter. Point72 Asset Management L.P. now owns 508,400 shares of the industrial products company’s stock worth $12,583,000 after purchasing an additional 425,400 shares during the period. Crossmark Global Holdings Inc. bought a new position in ABB during the third quarter worth about $5,507,000. Finally, Wells Fargo & Company MN grew its holdings in ABB by 27.2% during the third quarter. Wells Fargo & Company MN now owns 954,923 shares of the industrial products company’s stock worth $23,635,000 after purchasing an additional 204,251 shares during the period. Institutional investors and hedge funds own 4.77% of the company’s stock.

Shares of ABB Ltd (NYSE:ABB) opened at $26.14 on Thursday. 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 stock has a market cap of $57,217.42, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 2.74 and a beta of 1.06. ABB Ltd has a 1 year low of $22.04 and a 1 year high of $28.67.

A number of equities analysts recently commented on ABB shares. Deutsche Bank upgraded ABB from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Zacks Investment Research downgraded shares of ABB from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Goldman Sachs Group upgraded shares of ABB from a “neutral” rating to a “conviction-buy” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of ABB in a research report on Wednesday, January 10th. Finally, Jefferies Group set a $20.00 price objective on shares of ABB and gave the stock a “sell” rating in a research report on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.67.

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About ABB

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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