Denver Investment Advisors LLC boosted its position in ABB Ltd (NYSE:ABB) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 481,243 shares of the industrial products company’s stock after buying an additional 3,176 shares during the period. Denver Investment Advisors LLC’s holdings in ABB were worth $11,983,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Greenleaf Trust purchased a new position in shares of ABB during the first quarter worth about $326,000. Bahl & Gaynor Inc. boosted its position in shares of ABB by 0.4% in the first quarter. Bahl & Gaynor Inc. now owns 13,355 shares of the industrial products company’s stock worth $313,000 after buying an additional 55 shares during the last quarter. Atlantic Trust Group LLC boosted its position in shares of ABB by 0.6% in the first quarter. Atlantic Trust Group LLC now owns 80,550 shares of the industrial products company’s stock worth $1,884,000 after buying an additional 441 shares during the last quarter. Aperio Group LLC boosted its position in shares of ABB by 4.8% in the second quarter. Aperio Group LLC now owns 834,910 shares of the industrial products company’s stock worth $20,789,000 after buying an additional 38,467 shares during the last quarter. Finally, Anderson Hoagland & Co. boosted its position in shares of ABB by 19.9% in the first quarter. Anderson Hoagland & Co. now owns 24,095 shares of the industrial products company’s stock worth $564,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 4.05% of the company’s stock.

ABB Ltd (NYSE ABB) opened at 22.85 on Wednesday. ABB Ltd has a 1-year low of $20.26 and a 1-year high of $25.83. The company has a market cap of $48.76 billion, a PE ratio of 22.01 and a beta of 1.06. The firm’s 50-day moving average is $24.12 and its 200 day moving average is $23.93.

ABB (NYSE:ABB) last issued its quarterly earnings results on Thursday, July 20th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.03. The business had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.55 billion. ABB had a return on equity of 18.62% and a net margin of 6.87%. ABB’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. Analysts predict that ABB Ltd will post $1.25 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Denver Investment Advisors LLC Has $11.98 Million Stake in ABB Ltd (ABB)” was reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.watchlistnews.com/denver-investment-advisors-llc-has-11-98-million-stake-in-abb-ltd-abb/1494577.html.

ABB has been the topic of a number of analyst reports. Citigroup Inc. reiterated a “sell” rating on shares of ABB in a research note on Friday, June 9th. Morgan Stanley reiterated a “buy” rating on shares of ABB in a research note on Thursday, April 27th. Robert W. Baird reiterated an “outperform” rating and issued a $28.00 price target (up previously from $27.00) on shares of ABB in a research note on Friday, June 16th. BidaskClub cut shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, UBS AG reiterated a “sell” rating on shares of ABB in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $24.25.

ABB Company Profile

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.

Want to see what other hedge funds are holding ABB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ABB Ltd (NYSE:ABB).

Institutional Ownership by Quarter for ABB (NYSE:ABB)

Receive News & Ratings for ABB Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.