Brown Advisory Inc. trimmed its stake in shares of ABB Ltd (NYSE:ABB) by 97.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,755 shares of the industrial products company’s stock after selling 577,343 shares during the period. Brown Advisory Inc.’s holdings in ABB were worth $315,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ABB. Wells Fargo & Company MN grew its position in ABB by 27.2% in the third quarter. Wells Fargo & Company MN now owns 954,923 shares of the industrial products company’s stock valued at $23,635,000 after purchasing an additional 204,251 shares in the last quarter. Richard C. Young & CO. LTD. grew its position in ABB by 0.7% in the third quarter. Richard C. Young & CO. LTD. now owns 452,222 shares of the industrial products company’s stock valued at $11,192,000 after purchasing an additional 3,317 shares in the last quarter. ETRADE Capital Management LLC grew its position in ABB by 35.1% in the third quarter. ETRADE Capital Management LLC now owns 36,446 shares of the industrial products company’s stock valued at $902,000 after purchasing an additional 9,466 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in ABB by 92.9% in the third 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 in the last quarter. Finally, Pacer Advisors Inc. grew its position in ABB by 6.3% in the third 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 in the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

ABB Ltd (NYSE ABB) opened at $26.03 on Wednesday. ABB Ltd has a 12-month low of $20.80 and a 12-month high of $26.48. The company has a market cap of $56,371.85, a PE ratio of 20.80, a PEG ratio of 3.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03.

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

A number of research analysts have recently commented on the stock. Goldman Sachs Group reissued a “buy” rating on shares of ABB in a research report on Monday. Deutsche Bank raised shares of ABB from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Jefferies Group set a $20.00 price objective on shares of ABB and gave the company a “sell” rating in a research report on Tuesday, November 28th. J P Morgan Chase & Co reissued a “neutral” rating on shares of ABB in a research report on Friday, November 24th. Finally, Zacks Investment Research downgraded shares of ABB from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.50.

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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.

Institutional Ownership by Quarter for ABB (NYSE:ABB)

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