Bradley Foster & Sargent Inc. CT Purchases Shares of 8,174 ABB Ltd (ABB)

Bradley Foster & Sargent Inc. CT bought a new position in shares of ABB Ltd (NYSE:ABB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,174 shares of the industrial products company’s stock, valued at approximately $204,000.

Other institutional investors have also bought and sold shares of the company. Financial Architects Inc boosted its holdings in shares of ABB by 2,404.2% in the 2nd quarter. Financial Architects Inc now owns 4,182 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 4,015 shares in the last quarter. Ledyard National Bank boosted its holdings in shares of ABB by 3.6% in the 2nd quarter. Ledyard National Bank now owns 4,350 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 150 shares in the last quarter. Huntington National Bank boosted its holdings in ABB by 40.3% during the 2nd quarter. Huntington National Bank now owns 5,484 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 1,575 shares during the period. IFP Advisors Inc boosted its holdings in ABB by 71.0% during the 2nd quarter. IFP Advisors Inc now owns 6,552 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 2,721 shares during the period. Finally, Sawtooth Solutions LLC purchased a new stake in ABB during the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 4.42% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was first reported by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/8174-shares-in-abb-ltd-abb-purchased-by-bradley-foster-sargent-inc-ct/1600206.html.

ABB has been the subject of several analyst reports. Citigroup Inc. restated a “sell” rating on shares of ABB in a report on Friday, June 9th. Zacks Investment Research upgraded ABB from a “sell” rating to a “hold” rating and set a $28.00 target price for the company in a report on Monday, June 12th. Morgan Stanley restated a “buy” rating on shares of ABB in a report on Tuesday, June 13th. Robert W. Baird restated an “outperform” rating and set a $28.00 target price (up from $27.00) on shares of ABB in a report on Friday, June 16th. Finally, UBS AG reaffirmed a “sell” rating on shares of ABB in a research report on Monday, July 24th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $24.25.

ABB Ltd (NYSE:ABB) opened at 24.73 on Friday. The company has a market cap of $52.77 billion, a price-to-earnings ratio of 23.82 and a beta of 1.07. ABB Ltd has a 12 month low of $20.26 and a 12 month high of $25.83. The stock has a 50 day moving average price of $23.46 and a 200 day moving average price of $24.02.

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

About ABB

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.

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 our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.