ABB Ltd (NYSE:ABB) Shares Bought by Standard Family Office LLC

Standard Family Office LLC raised its position in ABB Ltd (NYSE:ABB) by 129.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,588 shares of the industrial products company’s stock after acquiring an additional 2,023 shares during the quarter. Standard Family Office LLC’s holdings in ABB were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in ABB. BlackRock Inc. increased its stake in shares of ABB by 166,521.2% in the first quarter. BlackRock Inc. now owns 731,467 shares of the industrial products company’s stock valued at $22,288,000 after purchasing an additional 731,028 shares during the period. Fisher Asset Management LLC increased its stake in shares of ABB by 4.7% in the first quarter. Fisher Asset Management LLC now owns 15,979,477 shares of the industrial products company’s stock valued at $486,895,000 after purchasing an additional 721,432 shares during the period. Folketrygdfondet boosted its holdings in shares of ABB by 186.6% in the first quarter. Folketrygdfondet now owns 907,088 shares of the industrial products company’s stock valued at $27,639,000 after acquiring an additional 590,596 shares in the last quarter. Cullen Capital Management LLC boosted its holdings in shares of ABB by 134.1% in the first quarter. Cullen Capital Management LLC now owns 377,237 shares of the industrial products company’s stock valued at $11,494,000 after acquiring an additional 216,127 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of ABB by 9.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,483,051 shares of the industrial products company’s stock valued at $69,426,000 after acquiring an additional 211,804 shares in the last quarter. Institutional investors own 4.75% of the company’s stock.

Shares of NYSE:ABB opened at $34.63 on Friday. The company has a market capitalization of $75.08 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 4.42 and a beta of 1.06. ABB Ltd has a 1-year low of $20.36 and a 1-year high of $35.28. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The business’s 50 day simple moving average is $33.22.

ABB (NYSE:ABB) last issued its quarterly earnings results on Monday, April 26th. The industrial products company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The business had revenue of $6.90 billion during the quarter, compared to the consensus estimate of $6.57 billion. ABB had a net margin of 19.66% and a return on equity of 14.27%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, research analysts predict that ABB Ltd will post 1.26 earnings per share for the current fiscal year.

The company also recently declared an annual dividend, which was paid on Saturday, May 15th. Investors of record on Tuesday, March 30th were given a $0.85 dividend. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 29th. This is an increase from ABB’s previous annual dividend of $0.83. ABB’s dividend payout ratio is 52.04%.

Several research analysts have recently issued reports on the stock. DNB Markets cut shares of ABB from a “buy” rating to a “hold” rating in a report on Wednesday, March 24th. Credit Suisse Group reiterated a “neutral” rating on shares of ABB in a report on Wednesday, April 28th. UBS Group reiterated a “buy” rating on shares of ABB in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of ABB in a report on Wednesday, April 28th. Finally, HSBC upgraded shares of ABB from a “hold” rating to a “buy” rating in a report on Thursday, May 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. ABB presently has an average rating of “Hold” and a consensus price target of $30.50.

ABB Company Profile

ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions for integrating and automating lighting, heating, ventilation, security, and data communication networks.

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Institutional Ownership by Quarter for ABB (NYSE:ABB)

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