Trust Co. of Vermont trimmed its position in shares of ABB Ltd (NYSE:ABB) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,160 shares of the industrial products company’s stock after selling 3,192 shares during the period. Trust Co. of Vermont’s holdings in ABB were worth $852,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Bremer Trust National Association bought a new stake in shares of ABB during the 4th quarter worth about $26,000. Sontag Advisory LLC bought a new stake in shares of ABB in the 4th quarter worth approximately $35,000. We Are One Seven LLC bought a new stake in shares of ABB in the 4th quarter worth approximately $37,000. Osborn Williams & Donohoe LLC bought a new stake in shares of ABB in the 1st quarter worth approximately $45,000. Finally, Lindbrook Capital LLC bought a new stake in shares of ABB in the 4th quarter worth approximately $48,000. 4.93% of the stock is owned by hedge funds and other institutional investors.
ABB stock traded down $0.17 during trading hours on Wednesday, hitting $18.32. The company’s stock had a trading volume of 5,207,700 shares, compared to its average volume of 2,517,223. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $39.22 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 2.75 and a beta of 1.09. ABB Ltd has a 12 month low of $18.05 and a 12 month high of $24.45.
ABB (NYSE:ABB) last posted its earnings results on Wednesday, April 17th. The industrial products company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. ABB had a net margin of 6.59% and a return on equity of 19.31%. The company had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts expect that ABB Ltd will post 1 EPS for the current fiscal year.
A number of research firms recently commented on ABB. ValuEngine upgraded shares of ABB from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Zacks Investment Research upgraded shares of ABB from a “strong sell” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, May 1st. Royal Bank of Canada reiterated a “hold” rating and issued a $21.00 target price on shares of ABB in a report on Friday, May 3rd. JPMorgan Chase & Co. reiterated a “sell” rating on shares of ABB in a report on Thursday, February 28th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of ABB in a report on Thursday, February 28th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. ABB presently has an average rating of “Hold” and a consensus target price of $21.39.
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ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification Products segment provides electric vehicle charging infrastructure, solar power solutions, modular substation packages, distribution automation products, switchboard and panel boards, 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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