IFG Advisory LLC raised its stake in ABB Ltd (NYSE:ABB) by 217.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,103 shares of the industrial products company’s stock after acquiring an additional 25,408 shares during the quarter. IFG Advisory LLC’s holdings in ABB were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bremer Trust National Association bought a new position in shares of ABB in the 4th quarter valued at about $26,000. Cornerstone Advisors Inc. boosted its stake in shares of ABB by 76.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,390 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 602 shares during the last quarter. Sontag Advisory LLC bought a new position in shares of ABB in the 4th quarter valued at about $35,000. We Are One Seven LLC bought a new position in shares of ABB in the 4th quarter valued at about $37,000. Finally, Osborn Williams & Donohoe LLC bought a new position in shares of ABB in the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 4.72% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of ABB from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $21.00 target price on shares of ABB in a research note on Friday, May 3rd. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of ABB in a research note on Thursday, February 28th. DNB Markets lowered shares of ABB from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Finally, UBS Group reaffirmed a “hold” rating on shares of ABB in a research note on Thursday, February 28th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.39.

ABB stock opened at $18.69 on Friday. ABB Ltd has a fifty-two week low of $18.05 and a fifty-two week high of $24.45. The company has a market cap of $40.55 billion, a P/E ratio of 14.05, a PEG ratio of 2.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.98 and a current ratio of 1.23.

ABB (NYSE:ABB) last released its quarterly earnings data on Wednesday, April 17th. The industrial products company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. ABB had a net margin of 6.59% and a return on equity of 19.31%. The business had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm earned $0.31 EPS. ABB’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts expect that ABB Ltd will post 1 EPS for the current fiscal year.

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ABB 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 Products segment provides electric vehicle charging infrastructure, solar 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.

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Institutional Ownership by Quarter for ABB (NYSE:ABB)

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