Banco de Sabadell S.A purchased a new position in shares of ABB Ltd (NYSE:ABB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,567 shares of the industrial products company’s stock, valued at approximately $927,000.

Several other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings in ABB by 19.4% in the third quarter. Private Advisor Group LLC now owns 12,365 shares of the industrial products company’s stock valued at $308,000 after acquiring an additional 2,011 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in ABB by 14.2% in the fourth quarter. Checchi Capital Advisers LLC now owns 16,395 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 2,037 shares during the last quarter. CIBC World Markets Inc. boosted its holdings in ABB by 14.3% in the fourth quarter. CIBC World Markets Inc. now owns 16,963 shares of the industrial products company’s stock valued at $455,000 after acquiring an additional 2,121 shares during the last quarter. Richard C. Young & CO. LTD. boosted its holdings in ABB by 0.5% in the fourth quarter. Richard C. Young & CO. LTD. now owns 454,353 shares of the industrial products company’s stock valued at $12,186,000 after acquiring an additional 2,131 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in ABB by 18.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 16,518 shares of the industrial products company’s stock valued at $443,000 after acquiring an additional 2,601 shares during the last quarter. Institutional investors own 5.44% of the company’s stock.

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ABB Ltd (NYSE:ABB) opened at $23.17 on Friday. ABB Ltd has a 12 month low of $22.04 and a 12 month high of $28.67. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $51,155.45, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.15.

ABB (NYSE:ABB) last issued its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. ABB had a return on equity of 18.11% and a net margin of 6.45%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. equities research analysts anticipate that ABB Ltd will post 1.41 EPS for the current year.

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Thursday, April 5th will be paid a $0.8261 dividend. The ex-dividend date of this dividend is Wednesday, April 4th. This is a positive change from ABB’s previous annual dividend of $0.75. This represents a yield of 3.44%. ABB’s payout ratio is 70.87%.

Several analysts recently commented on the company. Robert W. Baird reduced their target price on ABB from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Goldman Sachs reiterated a “buy” rating on shares of ABB in a report on Monday, January 22nd. Zacks Investment Research cut ABB from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Berenberg Bank upgraded ABB from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ABB in a report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. ABB presently has a consensus rating of “Hold” and a consensus price target of $26.00.

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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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