Cpwm LLC Buys New Stake in ABB Ltd (ABB)

Cpwm LLC bought a new stake in ABB Ltd (NYSE:ABB) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,556 shares of the industrial products company’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ABB. Commonwealth Equity Services LLC increased its position in ABB by 17.9% during the second quarter. Commonwealth Equity Services LLC now owns 93,552 shares of the industrial products company’s stock worth $2,037,000 after buying an additional 14,199 shares during the last quarter. Smith Asset Management Group LP increased its position in ABB by 38.4% during the second quarter. Smith Asset Management Group LP now owns 50,252 shares of the industrial products company’s stock worth $1,094,000 after buying an additional 13,952 shares during the last quarter. First Trust Advisors LP increased its position in ABB by 8.9% during the second quarter. First Trust Advisors LP now owns 971,245 shares of the industrial products company’s stock worth $21,144,000 after buying an additional 79,153 shares during the last quarter. D.A. Davidson & CO. increased its position in ABB by 42.9% during the second quarter. D.A. Davidson & CO. now owns 27,017 shares of the industrial products company’s stock worth $588,000 after buying an additional 8,116 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in ABB by 44.1% during the second quarter. CIBC Private Wealth Group LLC now owns 84,662 shares of the industrial products company’s stock worth $1,844,000 after buying an additional 25,915 shares during the last quarter. 4.87% of the stock is currently owned by institutional investors.

ABB stock opened at $18.85 on Friday. ABB Ltd has a 12 month low of $18.77 and a 12 month high of $28.67. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.18. The company has a market capitalization of $41.10 billion, a PE ratio of 14.24, a PEG ratio of 2.01 and a beta of 1.27.

ABB (NYSE:ABB) last posted its earnings results on Thursday, October 25th. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). ABB had a net margin of 6.24% and a return on equity of 19.99%. The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.46 billion. On average, analysts anticipate that ABB Ltd will post 1.39 EPS for the current year.

ABB has been the topic of a number of recent analyst reports. TheStreet downgraded ABB from a “b” rating to a “c+” rating in a research report on Thursday, November 8th. Zacks Investment Research downgraded ABB from a “buy” rating to a “hold” rating in a research report on Monday, October 1st. ValuEngine raised ABB from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. JPMorgan Chase & Co. reissued a “hold” rating on shares of ABB in a research report on Thursday, October 18th. Finally, Berenberg Bank reissued a “hold” rating on shares of ABB in a research report on Monday, November 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.34.

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ABB Profile

ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide. Its Electrification Products segment provides modular substation packages, distribution automation products, 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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