Rockefeller Capital Management L.P. Purchases 3,226 Shares of ABB Ltd (ABB)

Rockefeller Capital Management L.P. lifted its position in shares of ABB Ltd (NYSE:ABB) by 15.2% during the third quarter, HoldingsChannel reports. The firm owned 24,439 shares of the industrial products company’s stock after purchasing an additional 3,226 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in ABB were worth $577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC lifted its position in shares of ABB by 24.9% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 13,011 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 2,598 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of ABB by 23.4% in the second quarter. Sterling Capital Management LLC now owns 14,997 shares of the industrial products company’s stock worth $326,000 after buying an additional 2,844 shares during the last quarter. Whittier Trust Co. increased its stake in shares of ABB by 30.8% in the second quarter. Whittier Trust Co. now owns 12,208 shares of the industrial products company’s stock worth $281,000 after buying an additional 2,875 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of ABB by 17.1% in the second quarter. Checchi Capital Advisers LLC now owns 19,777 shares of the industrial products company’s stock worth $431,000 after buying an additional 2,882 shares during the last quarter. Finally, Sawtooth Solutions LLC increased its stake in shares of ABB by 34.3% in the second quarter. Sawtooth Solutions LLC now owns 13,015 shares of the industrial products company’s stock worth $283,000 after buying an additional 3,327 shares during the last quarter. 5.33% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on ABB. Zacks Investment Research upgraded shares of ABB from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, September 19th. Societe Generale upgraded shares of ABB from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. ValuEngine upgraded shares of ABB from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Citigroup upgraded shares of ABB from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 4th. Finally, DNB Markets assumed coverage on shares of ABB in a research note on Monday, September 3rd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. ABB currently has a consensus rating of “Hold” and a consensus price target of $25.67.

ABB stock opened at $20.63 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.86. ABB Ltd has a 1-year low of $19.08 and a 1-year high of $28.67. The firm has a market cap of $43.65 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26.

ABB (NYSE:ABB) last released its earnings results on Thursday, October 25th. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). ABB had a net margin of 6.24% and a return on equity of 19.99%. The business had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.46 billion. Equities research analysts predict that ABB Ltd will post 1.38 earnings per share for the current fiscal year.

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About ABB

ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide. Its Electrification Products segment provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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Institutional Ownership by Quarter for ABB (NYSE:ABB)

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