Abbrea Capital LLC continued to hold its position in shares of ABB Ltd (NYSE:ABB) during the second quarter, Holdings Channel reports. The firm owned 14,300 shares of the industrial products company’s stock at the end of the second quarter. Abbrea Capital LLC’s holdings in ABB were worth $356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Architects Inc increased its position in shares of ABB by 2,404.2% in the second quarter. Financial Architects Inc now owns 4,182 shares of the industrial products company’s stock worth $104,000 after buying an additional 4,015 shares in the last quarter. Ledyard National Bank increased its position in shares of ABB by 3.6% in the second quarter. Ledyard National Bank now owns 4,350 shares of the industrial products company’s stock worth $108,000 after buying an additional 150 shares in the last quarter. Huntington National Bank increased its position in shares of ABB by 40.3% in the second quarter. Huntington National Bank now owns 5,484 shares of the industrial products company’s stock worth $137,000 after buying an additional 1,575 shares in the last quarter. IFP Advisors Inc increased its position in shares of ABB by 71.0% in the second quarter. IFP Advisors Inc now owns 6,552 shares of the industrial products company’s stock worth $163,000 after buying an additional 2,721 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of ABB during the first quarter worth about $206,000. Institutional investors and hedge funds own 4.03% of the company’s stock.

ABB Ltd (NYSE ABB) opened at 22.83 on Friday. The company’s 50-day moving average price is $24.26 and its 200 day moving average price is $23.93. The stock has a market capitalization of $48.72 billion, a P/E ratio of 21.99 and a beta of 1.06. ABB Ltd has a 52 week low of $20.26 and a 52 week high of $25.83.

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

COPYRIGHT VIOLATION NOTICE: This report was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.dailypolitical.com/2017/08/12/abbrea-capital-llc-has-356000-stake-in-abb-ltd-abb.html.

A number of research analysts have recently issued reports on ABB shares. Morgan Stanley reiterated a “buy” rating on shares of ABB in a report on Thursday, April 27th. BidaskClub downgraded ABB from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded ABB from a “sell” rating to a “hold” rating and set a $28.00 price target on the stock in a report on Monday, June 12th. BNP Paribas downgraded ABB from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 23rd. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $28.00 price target (up from $27.00) on shares of ABB in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price 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 MarketBeat.com's FREE daily email newsletter.