Winfield Associates Inc. Has $435,000 Holdings in ABB Ltd (ABB)

Winfield Associates Inc. grew its holdings in shares of ABB Ltd (NYSE:ABB) by 18.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,545 shares of the industrial products company’s stock after purchasing an additional 2,780 shares during the quarter. Winfield Associates Inc.’s holdings in ABB were worth $435,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Dividend Assets Capital LLC purchased a new position in shares of ABB during the 3rd quarter worth $675,000. Grandfield & Dodd LLC raised its position in shares of ABB by 4.2% in the 3rd quarter. Grandfield & Dodd LLC now owns 680,730 shares of the industrial products company’s stock worth $16,848,000 after buying an additional 27,167 shares during the period. FDx Advisors Inc. raised its position in shares of ABB by 29.6% in the 3rd quarter. FDx Advisors Inc. now owns 20,337 shares of the industrial products company’s stock worth $503,000 after buying an additional 4,648 shares during the period. Bradley Foster & Sargent Inc. CT raised its position in shares of ABB by 31.2% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 10,724 shares of the industrial products company’s stock worth $265,000 after buying an additional 2,550 shares during the period. Finally, Scout Investments Inc. raised its position in shares of ABB by 23.9% in the 3rd quarter. Scout Investments Inc. now owns 130,865 shares of the industrial products company’s stock worth $3,239,000 after buying an additional 25,219 shares during the period. 4.44% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of ABB in a research report on Monday, November 6th. Zacks Investment Research lowered ABB from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and set a $29.00 target price on shares of ABB in a research note on Wednesday, October 4th. BidaskClub downgraded ABB from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, UBS AG reissued a “sell” rating on shares of ABB in a report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.50.

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ABB Ltd (NYSE ABB) traded down $0.38 during trading on Monday, reaching $25.36. 1,269,800 shares of the company’s stock traded hands, compared to its average volume of 1,927,041. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.37. The firm has a market capitalization of $54,984.23, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 3.33 and a beta of 1.06. ABB Ltd has a 12-month low of $20.26 and a 12-month high of $26.48.

ABB (NYSE:ABB) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. ABB had a net margin of 6.79% and a return on equity of 18.65%. The firm had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the company posted $0.32 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. analysts predict that ABB Ltd will post 1.23 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for ABB (NYSE:ABB)

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