Toroso Investments LLC Raises Stock Holdings in ABB Ltd (NYSE:ABBNY)

Toroso Investments LLC raised its holdings in shares of ABB Ltd (NYSE:ABBNY) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,556 shares of the industrial products company’s stock after acquiring an additional 1,321 shares during the period. Toroso Investments LLC’s holdings in ABB were worth $945,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Personal CFO Solutions LLC grew its position in shares of ABB by 4.1% during the 1st quarter. Personal CFO Solutions LLC now owns 7,865 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 311 shares during the period. Balentine LLC grew its holdings in ABB by 1.5% in the first quarter. Balentine LLC now owns 21,442 shares of the industrial products company’s stock worth $735,000 after purchasing an additional 316 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in shares of ABB by 4.2% during the first quarter. Gallacher Capital Management LLC now owns 8,009 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 323 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of ABB by 14.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,720 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 342 shares during the period. Finally, Harbour Investments Inc. increased its stake in ABB by 23.8% during the 1st quarter. Harbour Investments Inc. now owns 1,872 shares of the industrial products company’s stock worth $64,000 after buying an additional 360 shares in the last quarter. 1.37% of the stock is owned by hedge funds and other institutional investors.

ABB Stock Performance

Shares of ABB stock opened at $36.55 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.14 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $68.79 billion, a P/E ratio of 20.08, a P/E/G ratio of 2.81 and a beta of 1.11. ABB Ltd has a 52 week low of $24.27 and a 52 week high of $41.03. The firm’s 50 day moving average is $38.34 and its two-hundred day moving average is $36.57.

ABB (NYSE:ABBNY) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.47 billion. ABB had a net margin of 10.99% and a return on equity of 26.90%. Research analysts forecast that ABB Ltd will post 2.08 EPS for the current fiscal year.

ABB Company Profile

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.