Lincluden Management Ltd. decreased its holdings in shares of ABB Ltd (NYSE:ABB) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,206 shares of the industrial products company’s stock after selling 2,720 shares during the period. Lincluden Management Ltd.’s holdings in ABB were worth $3,546,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its position in ABB by 9.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 116,765 shares of the industrial products company’s stock valued at $2,890,000 after purchasing an additional 10,488 shares in the last quarter. Advisor Group Inc. raised its position in ABB by 22.3% during the third quarter. Advisor Group Inc. now owns 27,091 shares of the industrial products company’s stock valued at $671,000 after purchasing an additional 4,933 shares in the last quarter. Bank of New York Mellon Corp raised its position in ABB by 10.2% during the third quarter. Bank of New York Mellon Corp now owns 115,036 shares of the industrial products company’s stock valued at $2,847,000 after purchasing an additional 10,694 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in ABB during the third quarter valued at about $582,000. Finally, Quantbot Technologies LP purchased a new stake in ABB during the third quarter valued at about $184,000. 5.44% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on the company. Robert W. Baird lowered their price target on ABB from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Goldman Sachs restated a “buy” rating on shares of ABB in a research report on Monday, January 22nd. Zacks Investment Research downgraded ABB from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Berenberg Bank upgraded ABB from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of ABB in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. ABB presently has a consensus rating of “Hold” and an average price target of $26.00.
ABB Ltd (ABB) opened at $23.96 on Tuesday. The company has a market capitalization of $51,861.20, a PE ratio of 23.26, a PEG ratio of 2.52 and a beta of 1.15. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.44. ABB Ltd has a twelve month low of $22.04 and a twelve month high of $28.67.
ABB (NYSE:ABB) last announced its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. ABB had a return on equity of 18.11% and a net margin of 6.45%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the business earned $0.33 EPS. ABB’s revenue was up 3.2% compared to the same quarter last year. research analysts expect 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. Investors of record on Thursday, April 5th will be issued a dividend of $0.8261 per share. This represents a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, April 4th. This is an increase from ABB’s previous annual dividend of $0.75. ABB’s payout ratio is currently 70.87%.
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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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