ABB Ltd. (NYSE:ABB) shares saw unusually-strong trading volume on Thursday . Approximately 2,123,357 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 2,063,114 shares.The stock last traded at $19.96 and had previously closed at $19.63.

A number of equities analysts have commented on ABB shares. Citigroup Inc. reissued a “sell” rating on shares of ABB in a research note on Thursday, April 21st. TheStreet raised ABB from a “hold” rating to a “buy” rating in a research note on Friday, April 22nd. Societe Generale raised ABB from a “sell” rating to a “hold” rating in a research note on Thursday, April 21st. JPMorgan Chase & Co. raised ABB from an “underweight” rating to a “neutral” rating in a research note on Wednesday, April 20th. Finally, Royal Bank Of Canada lowered ABB from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 6th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. ABB presently has a consensus rating of “Hold” and an average price target of $22.25.

The company has a market cap of $43.28 billion and a PE ratio of 23.64. The firm’s 50-day moving average is $20.30 and its 200-day moving average is $19.09.

ABB (NYSE:ABB) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.06. During the same quarter in the previous year, the business posted $0.31 EPS. The business earned $7.90 billion during the quarter, compared to the consensus estimate of $8.07 billion. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, equities research analysts expect that ABB Ltd. will post $1.02 EPS for the current fiscal year.

The firm also recently declared an annual dividend, which will be paid on Wednesday, July 20th. Stockholders of record on Tuesday, July 12th will be paid a $0.762 dividend. This is a boost from ABB’s previous annual dividend of $0.18. The ex-dividend date of this dividend is Friday, July 8th. This represents a dividend yield of 3.64%.

Several institutional investors have modified their holdings of the stock. Atlantic Trust Group LLC raised its position in shares of ABB by 12.7% in the fourth quarter. Atlantic Trust Group LLC now owns 79,795 shares of the company’s stock valued at $1,414,000 after buying an additional 9,015 shares during the last quarter. Manitou Investment Management Ltd. raised its position in shares of ABB by 2.8% in the fourth quarter. Manitou Investment Management Ltd. now owns 701,570 shares of the company’s stock valued at $12,439,000 after buying an additional 19,330 shares during the last quarter. Morgan Stanley raised its position in shares of ABB by 9.1% in the fourth quarter. Morgan Stanley now owns 1,127,168 shares of the company’s stock valued at $19,984,000 after buying an additional 94,045 shares during the last quarter. Keystone Financial Planning Inc. raised its position in shares of ABB by 462.8% in the fourth quarter. Keystone Financial Planning Inc. now owns 171,233 shares of the company’s stock valued at $3,036,000 after buying an additional 140,809 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of ABB by 68.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 485,129 shares of the company’s stock valued at $8,602,000 after buying an additional 197,613 shares during the last quarter.

ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications.

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