CIBC World Markets Inc. grew its position in ABB Ltd (NYSE:ABB) by 14.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,963 shares of the industrial products company’s stock after buying an additional 2,121 shares during the period. CIBC World Markets Inc.’s holdings in ABB were worth $455,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Point72 Asset Management L.P. raised its holdings in shares of ABB by 512.5% during the third quarter. Point72 Asset Management L.P. now owns 508,400 shares of the industrial products company’s stock valued at $12,583,000 after purchasing an additional 425,400 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of ABB by 92.9% during the third quarter. Oppenheimer & Co. Inc. now owns 117,841 shares of the industrial products company’s stock valued at $2,917,000 after purchasing an additional 56,751 shares during the last quarter. Guardian Capital Advisors LP raised its holdings in shares of ABB by 1.3% during the third quarter. Guardian Capital Advisors LP now owns 310,864 shares of the industrial products company’s stock valued at $7,915,000 after purchasing an additional 4,118 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of ABB by 1.1% during the third quarter. Macquarie Group Ltd. now owns 3,877,508 shares of the industrial products company’s stock valued at $95,968,000 after purchasing an additional 40,514 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 during the last quarter. 4.77% of the stock is owned by institutional investors and hedge funds.

Shares of ABB Ltd (ABB) opened at $24.29 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The stock has a market cap of $56,675.39, a P/E ratio of 20.91, a P/E/G ratio of 2.71 and a beta of 1.06. ABB Ltd has a 12-month low of $22.04 and a 12-month high of $28.67.

ABB (NYSE:ABB) last announced its earnings results on Thursday, February 8th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.49 billion. ABB had a net margin of 6.79% and a return on equity of 18.65%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share. equities analysts predict that ABB Ltd will post 1.18 EPS for the current fiscal year.

ABB has been the subject of several research reports. Deutsche Bank raised shares of ABB from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Zacks Investment Research cut shares of ABB from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Goldman Sachs Group raised shares of ABB from a “neutral” rating to a “conviction-buy” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of ABB in a report on Wednesday, January 10th. Finally, Jefferies Group set a $20.00 price objective on shares of ABB and gave the company a “sell” rating in a report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.67.

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ABB 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.

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Institutional Ownership by Quarter for ABB (NYSE:ABB)

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