Tiemann Investment Advisors LLC Has $200,000 Position in ABB Ltd (ABB)

Tiemann Investment Advisors LLC lessened its position in ABB Ltd (NYSE:ABB) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,500 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in ABB were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. increased its holdings in shares of ABB by 1.7% in the 4th quarter. Wetherby Asset Management Inc. now owns 43,000 shares of the industrial products company’s stock worth $817,000 after acquiring an additional 700 shares during the period. Whittier Trust Co. increased its holdings in shares of ABB by 8.2% in the 4th quarter. Whittier Trust Co. now owns 10,488 shares of the industrial products company’s stock worth $199,000 after acquiring an additional 795 shares during the period. Cerity Partners LLC increased its holdings in shares of ABB by 5.4% in the 4th quarter. Cerity Partners LLC now owns 16,040 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 816 shares during the period. Tdam USA Inc. increased its holdings in shares of ABB by 5.2% in the 4th quarter. Tdam USA Inc. now owns 18,435 shares of the industrial products company’s stock worth $350,000 after acquiring an additional 910 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of ABB by 1.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 78,268 shares of the industrial products company’s stock worth $1,488,000 after acquiring an additional 916 shares during the period. 4.52% of the stock is currently owned by institutional investors and hedge funds.

ABB stock traded up $0.22 during trading hours on Wednesday, hitting $19.15. 455,546 shares of the company traded hands, compared to its average volume of 3,112,848. The stock has a market cap of $40.72 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.93 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. ABB Ltd has a 1-year low of $18.05 and a 1-year high of $24.72.



ABB (NYSE:ABB) last released its earnings results on Thursday, February 28th. The industrial products company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.10). ABB had a net margin of 6.24% and a return on equity of 19.99%. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $9.43 billion. During the same period in the previous year, the business posted $0.33 EPS. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. Research analysts expect that ABB Ltd will post 1.4 earnings per share for the current fiscal year.

Several equities analysts have commented on ABB shares. UBS Group reissued a “hold” rating on shares of ABB in a research note on Thursday, December 13th. JPMorgan Chase & Co. cut shares of ABB from a “neutral” rating to an “underweight” rating and set a $20.36 target price on the stock. in a research note on Sunday, December 9th. Berenberg Bank cut shares of ABB from a “hold” rating to a “sell” rating in a research note on Monday, January 28th. Zacks Investment Research cut shares of ABB from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Royal Bank of Canada reissued a “hold” rating on shares of ABB in a research note on Thursday, February 28th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.84.

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ABB Profile

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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