Scout Investments Inc. Buys 25,219 Shares of ABB Ltd (ABB)

Scout Investments Inc. raised its stake in shares of ABB Ltd (NYSE:ABB) by 23.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 130,865 shares of the industrial products company’s stock after purchasing an additional 25,219 shares during the period. Scout Investments Inc. owned 6,035.79% of ABB worth $3,239,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Benedict Financial Advisors Inc. grew its holdings in ABB by 1.1% during the second quarter. Benedict Financial Advisors Inc. now owns 10,940 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 122 shares during the period. Ledyard National Bank grew its holdings in ABB by 3.6% during the second quarter. Ledyard National Bank now owns 4,350 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 150 shares during the period. Lowe Brockenbrough & Co. Inc. grew its holdings in ABB by 0.5% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 43,072 shares of the industrial products company’s stock valued at $1,072,000 after purchasing an additional 210 shares during the period. Greenleaf Trust grew its holdings in ABB by 1.8% during the second quarter. Greenleaf Trust now owns 14,168 shares of the industrial products company’s stock valued at $353,000 after purchasing an additional 244 shares during the period. Finally, Scotia Capital Inc. grew its holdings in ABB by 2.2% during the second quarter. Scotia Capital Inc. now owns 14,850 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 314 shares during the period. 4.45% of the stock is owned by institutional investors and hedge funds.

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Several analysts have issued reports on ABB shares. BidaskClub lowered ABB from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Robert W. Baird set a $28.00 price target on ABB and gave the company a “buy” rating in a report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of ABB in a research report on Monday, November 6th. Morgan Stanley downgraded ABB from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research downgraded ABB from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $23.50.

ABB Ltd (NYSE:ABB) opened at $25.36 on Friday. ABB Ltd has a 52-week low of $20.26 and a 52-week high of $26.48. The company has a market capitalization of $54,984.23, a PE ratio of 20.29, a PEG ratio of 3.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03.

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

ABB 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.

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Institutional Ownership by Quarter for ABB (NYSE:ABB)

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