16,683 Shares in ABB Ltd (NYSE:ABB) Bought by Mather Group LLC.

Mather Group LLC. acquired a new position in ABB Ltd (NYSE:ABB – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,683 shares of the industrial products company’s stock, valued at approximately $428,000.

Several other institutional investors also recently modified their holdings of the business. Ronald Blue Trust Inc. acquired a new position in ABB in the second quarter valued at $29,000. AXA S.A. acquired a new position in ABB in the third quarter valued at $25,000. Guardian Wealth Advisors LLC acquired a new position in ABB in the third quarter valued at $40,000. Salem Investment Counselors Inc. lifted its holdings in ABB by 62.7% in the second quarter. Salem Investment Counselors Inc. now owns 1,742 shares of the industrial products company’s stock valued at $47,000 after buying an additional 671 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in ABB by 23.5% in the first quarter. 1832 Asset Management L.P. now owns 2,135 shares of the industrial products company’s stock valued at $68,000 after buying an additional 406 shares during the period. Institutional investors own 5.24% of the company’s stock.

ABB Trading Up 2.6 %

ABB opened at $33.76 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.18 and a quick ratio of 0.82. ABB Ltd has a fifty-two week low of $24.27 and a fifty-two week high of $35.54. The firm has a market capitalization of $66.33 billion, a PE ratio of 25.97, a P/E/G ratio of 3.32 and a beta of 1.10. The company’s 50-day moving average is $33.75 and its 200 day moving average is $30.45.

Analyst Ratings Changes

ABB has been the topic of several recent analyst reports. Exane BNP Paribas lowered shares of ABB from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 30th. StockNews.com upgraded shares of ABB from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 11th. Finally, BNP Paribas lowered shares of ABB from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 30th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ABB has a consensus rating of “Hold” and an average price target of $29.54.

ABB Profile

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ABB Ltd. is a technology company, which engages in the development and provision of electrification, motion and automation solutions. It operates through the following business segments: Electrification, Motion, Process Automation and Robotics & Discrete Automation. The Electrification segment manufactures and sells electrical products and solutions which are designed to provide safe, smart and sustainable electrical flow from the substation to the socket.