ABB Ltd (ABB) Shares Bought by Raymond James Trust N.A.
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.
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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