ABB Ltd (NYSE:ABBNY) Shares Bought by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of ABB Ltd (NYSE:ABBNY - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,543 shares of the industrial products company's stock after acquiring an additional 3,126 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC's holdings in ABB were worth $2,282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ABBNY. Money Concepts Capital Corp purchased a new position in shares of ABB in the fourth quarter valued at approximately $25,000. Resurgent Financial Advisors LLC acquired a new stake in ABB during the 4th quarter worth $27,000. SG3 Management LLC purchased a new stake in shares of ABB during the fourth quarter worth $30,000. Larson Financial Group LLC acquired a new stake in shares of ABB in the first quarter valued at about $30,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of ABB in the fourth quarter worth about $41,000. 5.02% of the stock is currently owned by institutional investors and hedge funds.

ABBNY stock traded up $0.27 during trading on Friday, reaching $39.32. 35,333 shares of the stock traded hands, compared to its average volume of 1,162,449. The firm has a market capitalization of $74.00 billion, a PE ratio of 21.35, a P/E/G ratio of 3.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.14 and a quick ratio of 0.78. The business's 50 day moving average price is $38.69 and its 200-day moving average price is $35.77. ABB Ltd has a 52-week low of $24.27 and a 52-week high of $41.03.

ABB (NYSE:ABBNY - Get Free Report) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). ABB had a net margin of 10.99% and a return on equity of 26.90%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.47 billion. As a group, sell-side analysts forecast that ABB Ltd will post 1.97 earnings per share for the current year.

Separately, StockNews.com initiated coverage on ABB in a research report on Thursday, May 18th. They set a "strong-buy" rating for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.25.

View Our Latest Stock Report on ABB

ABB Ltd manufactures and sells electrification, automation, robotics, and motion products for customers in utilities, industry and transport, and infrastructure in Switzerland and internationally. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboards 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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