Steigerwald Gordon & Koch Inc. decreased its holdings in ABB Ltd (NYSE:ABB) by 5.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,551 shares of the industrial products company’s stock after selling 17,731 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in ABB were worth $6,701,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Cornerstone Advisors Inc. lifted its position in ABB by 76.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,390 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 602 shares during the period. Bremer Bank National Association purchased a new position in shares of ABB during the 1st quarter valued at about $29,000. Institutional & Family Asset Management LLC purchased a new position in shares of ABB during the 1st quarter valued at about $35,000. Osborn Williams & Donohoe LLC purchased a new position in shares of ABB in the 1st quarter valued at about $45,000. Finally, Global Retirement Partners LLC increased its stake in shares of ABB by 99.9% in the 1st quarter. Global Retirement Partners LLC now owns 3,035 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 1,517 shares in the last quarter. 4.64% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have commented on ABB shares. Royal Bank of Canada reiterated a “hold” rating and set a $21.00 price objective on shares of ABB in a research note on Thursday. JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $18.00 price objective on shares of ABB in a research report on Monday, July 15th. ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Vertical Research raised ABB from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Deutsche Bank set a $129.00 price objective on Proofpoint and gave the stock a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.37.

NYSE:ABB traded down $0.17 during trading hours on Monday, hitting $18.51. The company’s stock had a trading volume of 90,286 shares, compared to its average volume of 2,753,719. The company has a market capitalization of $39.62 billion, a PE ratio of 13.92, a P/E/G ratio of 3.11 and a beta of 1.14. The company has a fifty day simple moving average of $19.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.09. ABB Ltd has a 52-week low of $18.05 and a 52-week high of $24.45.

ABB (NYSE:ABB) last posted its earnings results on Thursday, July 25th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. The firm had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.21 billion. ABB had a return on equity of 18.97% and a net margin of 4.95%. ABB’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. As a group, analysts predict that ABB Ltd will post 0.88 earnings per share for the current year.

ABB Profile

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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Institutional Ownership by Quarter for ABB (NYSE:ABB)

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