Philadelphia Trust Company Stake in Abb LTD (ABB) Increased by $3.09 Million; Shares Declined

May 3, 2018 - By Mark Williams

ABB Ltd (NYSE:ABB) Corporate Logo

Based on the latest 2017Q4 regulatory filing with the SEC, Philadelphia Trust Company increased its stake in Abb Ltd. (ABB) by 12.37%. The company’s stock declined 12.59% with the market as Philadelphia Trust Company bought 118,875 shares. The electrical products company reported $28.96 million value for the 2017Q4. Now the institutional investor is holding 1.08M shares, compared to the 961,005 from the previous quarter. Abb Ltd. has $49.68 billion market cap. ABB touched $23.31 during the last trading session after $0.07 change.ABB Ltd has volume of 620,036 shares. Since May 3, 2017 ABB has declined 0.51% and is downtrending. ABB underperformed by 12.06% the S&P 500.

According to a filing Philadelphia Trust Company reduced its stake in Delphi Automotive Plc (NYSE:DLPH) by 86,794 shares to 47,430 shares, valued at $2.49M in 2017Q4. The fund manages about $1.27B US Long portfolio. For a total of 4,035 shares it reduced its holding in Tyson Foods Inc (NYSE:TSN) by 99,150 shares in the quarter, and has cut its stake in Cvs Health Corp (NYSE:CVS).

ABB Ltd (NYSE:ABB) Ratings Coverage

In total 2 analysts cover ABB Ltd (NYSE:ABB). “Buy” rating has 0, “Sell” are 1, while 1 are “Hold”. (NYSE:ABB) has 0 bullish analysts. With $29.0 highest and $20.0 lowest PT, ABB Ltd has $24.75 average PT or 6.18% above the current ($23.31) price. 5 are the (NYSE:ABB)’s ratings reports on 3 May 2018 according to StockzIntelligence Inc. On Wednesday, January 17 the firm has “Hold” rating given by Robert W. Baird. On Wednesday, December 13 the company was maintained by Robert W. Baird. On Wednesday, March 28 Jefferies maintained ABB Ltd (NYSE:ABB) rating. Jefferies has “Sell” rating and $22.5000 target. On Thursday, February 8 the firm has “Hold” rating by Robert W. Baird given. On Monday, November 27 Jefferies maintained ABB Ltd (NYSE:ABB) with “Sell” rating.

ABB Ltd (NYSE:ABB) Analyst Ratings Chart

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