ABB (NYSE:ABBNY) Trading Down 2.2%

ABB Ltd (NYSE:ABBNYGet Free Report)’s stock price traded down 2.2% during trading on Monday . The company traded as low as $46.19 and last traded at $46.40. 19,269 shares were traded during trading, a decline of 90% from the average session volume of 198,501 shares. The stock had previously closed at $47.44.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ABBNY. Citigroup upgraded shares of ABB from a “neutral” rating to a “buy” rating in a research report on Monday, December 11th. TD Cowen cut shares of ABB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 9th.

View Our Latest Stock Report on ABBNY

ABB Stock Performance

The firm’s 50-day moving average price is $44.77 and its 200 day moving average price is $40.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 1.18. The company has a market cap of $87.74 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 3.74 and a beta of 1.20.

ABB (NYSE:ABBNYGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. ABB had a net margin of 11.62% and a return on equity of 27.93%. The business had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.15 billion. On average, sell-side analysts anticipate that ABB Ltd will post 2.05 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of ABB by 8.1% in the first quarter. BlackRock Inc. now owns 997,550 shares of the industrial products company’s stock worth $32,261,000 after purchasing an additional 74,433 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ABB by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 55,264 shares of the industrial products company’s stock worth $1,787,000 after purchasing an additional 581 shares in the last quarter. Sei Investments Co. lifted its position in shares of ABB by 20.6% in the first quarter. Sei Investments Co. now owns 20,326 shares of the industrial products company’s stock worth $653,000 after purchasing an additional 3,473 shares in the last quarter. Cetera Investment Advisers increased its holdings in ABB by 5.5% during the first quarter. Cetera Investment Advisers now owns 7,404 shares of the industrial products company’s stock worth $239,000 after buying an additional 384 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in ABB by 50.7% during the first quarter. Sequoia Financial Advisors LLC now owns 8,579 shares of the industrial products company’s stock worth $278,000 after buying an additional 2,887 shares during the last quarter. Institutional investors own 1.09% of the company’s stock.

About ABB

(Get Free Report)

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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