ABB.ST - ABB Ltd

Stockholm - Stockholm Real Time Price. Currency in SEK
180.10
-0.30 (-0.17%)
At close: 5:29PM CEST
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Previous Close180.40
Open180.40
Bid180.20 x 0
Ask180.30 x 0
Day's Range179.10 - 181.60
52 Week Range164.35 - 219.90
Volume800,228
Avg. Volume1,450,845
Market Cap387.554B
Beta (3Y Monthly)0.92
PE Ratio (TTM)252.95
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield7.53 (4.17%)
Ex-Dividend Date2019-05-06
1y Target EstN/A
  • Options traders bet on Cleveland-Cliffs & ABB Ltd.
    CNBC Videos

    Options traders bet on Cleveland-Cliffs & ABB Ltd.

    "Halftime Report" trader Jon Najarian spots unusual options activity in shares of Cleveland-Cliffs & ABB Ltd.

  • Reuters

    Sandvik Chief Executive Rosengren to step down and join ABB as CEO

    Swedish engineering group Sandvik's Chief Executive Officer Bjorn Rosengren will step down next year and will join Swiss-Swedish robotics and engineering group ABB Ltd as CEO, the companies said in separate statements on Sunday. Rosengren, who has a reputation for being ruthless with underperforming divisions, will join ABB in February next year, ABB said. Businesses which generate $3 billion of revenue, 11% of ABB's total annual sales, are now under review and could be sold off or closed down, Voser told Reuters in a recent interview.

  • Sandvik CEO Emerges as Front-Runner for Top Job at ABB
    Bloomberg

    Sandvik CEO Emerges as Front-Runner for Top Job at ABB

    (Bloomberg) -- Sandvik AB Chief Executive Officer Bjorn Rosengren has emerged as the front-runner for the top job at Swiss engineering giant ABB Ltd., according to people familiar with the matter.An announcement could be made in the coming weeks, though ABB has yet to make a final decision, said the people, who asked not to be identified as the deliberations are private. Both companies declined to comment. ABB shares rose as much as 2.7% Tuesday, while stock in Sandvik, a maker of cutting tools and mining equipment, fell as much as 2.1%.Rosengren, 60, a seasoned Swedish industrial executive, would be taking over at ABB from Chairman Peter Voser, who has been acting as interim CEO since Ulrich Spiesshofer surprised analysts in April by abruptly stepping down. Spiesshofer was under pressure from major investors. His nearly six-year stint at the helm of ABB was marked by meager stock returns and a public row with an activist shareholder, Cevian Capital.Voser, also 60, said on a conference call last week that ABB’s CEO search was going “better than planned.” Rosengren in May seemed to hint in an interview with daily Dagens Industri that his time at Sandvik may be nearing an end, saying he didn’t think people should stay on too long at one company as CEO and that five years might be enough. He has been in the top post at the Swedish manufacturer since 2015.Should Rosengren take on the CEO role at ABB, he would land at a company in the midst of an overhaul. ABB is selling the bulk of its power grid division to Hitachi Ltd. for about $6.4 billion, turning its focus on robotics and automation. Spiesshofer had long resisted the move, which was pushed by Cevian.Rosengren, who holds a post-graduate engineering degree from Chalmers University of Technology in Gothenburg, spent his formative years at Atlas Copco AB, where he was steeped in a management culture of decentralization and asset-light production that has been emulated at other Nordic companies.Speaking at his first capital markets day after arriving at Sandvik, he made clear his unhappiness with the centralized structure built up by his predecessor.Running Businesses“During my working life, the fundamentals of how I’ve been running businesses is a decentralized model,” Rosengren said. “I am convinced that we need to give our business managers the full accountability for their businesses. They need to own their costs as well as their revenues.”In announcing Spiesshofer’s departure, Voser pledged changes to the CEO role, saying it would evolve to focus on strategy and company culture while allowing ABB’s four businesses to be run more independently.Read: ABB CEO Leaves Abruptly After Years of Pressure From InvestorsThe style has been a key component of the turnaround Rosengren accomplished at Sandvik. He rebuilt shareholder confidence by delivering on financial goals ahead of schedule, having benefited from an uptick in demand. In addition to decentralizing Sandvik’s structure and reducing costs, he has sold units including a steel conveyor-belt business, and prepared for a spinoff of the company’s steel business.Shares in Sandvik have approximately doubled since Rosengren took the helm. Earlier this month, the company said it will cut 2,000 jobs as demand from the automotive and general engineering sectors weakened toward the end of the second quarter.At ABB, he would face a company that is emerging from a period of turmoil. Just before the former CEO’s exit, shareholder Artisan Partners added to the pressure by calling for a further breakup of the company through the separation of its electrification business. The proposal was later endorsed by Cevian co-founder Lars Forberg, who sits on ABB’s board.(Adds details about Rosengren from fourth paragraph.)\--With assistance from Leonard Kehnscherper.To contact the reporters on this story: Albertina Torsoli in Geneva at atorsoli@bloomberg.net;Jan-Henrik Förster in Zurich at jforster20@bloomberg.net;Niclas Rolander in Stockholm at nrolander@bloomberg.netTo contact the editors responsible for this story: Lukas Strobl at lstrobl@bloomberg.net, ;Beth Mellor at bmellor@bloomberg.net, Tara Patel, John BowkerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is ABB a Buy?
    Motley Fool

    Is ABB a Buy?

    The industrial conglomerate is undergoing a much-anticipated transformation, but it has a lot of work ahead.

  • Is ABB a Buy Now That Its CEO Has Left?
    Motley Fool

    Is ABB a Buy Now That Its CEO Has Left?

    There are a lot of question marks around the future direction of the company following the departure of Ulrich Spiesshofer.

  • ABB Ltd (ABB) Q1 2019 Earnings Call Transcript
    Motley Fool

    ABB Ltd (ABB) Q1 2019 Earnings Call Transcript

    ABB earnings call for the period ending March 31, 2019.

  • ABB Breakup Is Back on the Menu
    Bloomberg

    ABB Breakup Is Back on the Menu

    For Ulrich Spiesshofer, who left ABB Ltd. on Wednesday after more than five years in charge, the verdict wasn’t kind. ABB stock jumped more than 5 percent on Wednesday after the Swiss engineering conglomerate announced a parting of ways. The company doesn’t have a replacement lined up, so chairman Peter Voser – a former boss of Royal Dutch Shell Plc – will run things until one is found.

  • Associated Press

    ABB: 1Q Earnings Snapshot

    The Zurich-based company said it had net income of 25 cents per share. Earnings, adjusted for one-time gains and costs, came to 31 cents per share. The industrial automation company posted revenue of $6.85 ...

  • Is This High-Yield Stock Finally a Buy?
    Motley Fool

    Is This High-Yield Stock Finally a Buy?

    ABB pays a juicy dividend, and management is committed to turning the company's performance around. Here's what you need to know before buying into that story.

  • ABB Group (ABB) Q4 2018 Earnings Conference Call Transcript
    Motley Fool

    ABB Group (ABB) Q4 2018 Earnings Conference Call Transcript

    ABB earnings call for the period ending December 31, 2018.

  • Bloomberg

    ABB Planning More Deals to Expand in Robotics, CEO Tells NZZ

    “We bought six companies in the last two years in robotics and will acquire more,” the newspaper cited the 54-year-old CEO as saying. The executive, who in December told Bloomberg he had the “financial horsepower” for more deals, reiterated plans to bolster the company’s electrification arm in Latin America, southeast Asia and sub-Saharan Africa.

  • ABB Stock Upgraded: What You Need to Know
    Motley Fool

    ABB Stock Upgraded: What You Need to Know

    As ABB sells a less profitable division, Merrill Lynch rates it a buy.

  • Is ABB Stock a Buy for 2019?
    Motley Fool

    Is ABB Stock a Buy for 2019?

    ABB stock might look attractive after its 29% drop in 2018 and the company's latest multibillion-dollar announcement, but invest only after reading this.

  • Moody's

    ABB Treasury Center (USA) Inc. -- Moody's changes ABB's outlook to negative; affirms A2/P-1 ratings

    Moody's Investors Service ("Moody's") today changed the outlook on the A2 long-term issuer rating of ABB Ltd. (ABB) to negative from stable. At the same time, Moody's affirmed ABB's A2 long-term issuer rating, the P-1 short-term issuer rating and the A2 rated debt instruments. A full list of affected ratings can be found at the end of this press release.

  • Swiss Giant ABB Finally Does What the Hedge Fund Wants
    Bloomberg

    Swiss Giant ABB Finally Does What the Hedge Fund Wants

    CEO Ulrich Spiesshofer had previously resisted demands from the activist investor Cevian Capital to separate its power grids unit, which contributes a quarter of ABB’s sales but comparatively little profit. On Monday he capitulated, with the company saying it will sell a majority stake in the unit to Japan’s Hitachi Ltd and return roughly $7.7 billion of net proceeds to shareholders. The sale price for the power grids assets is roughly in line with what analysts had assumed.

  • Hitachi’s ABB Deal Isn't Just an Escape Hatch
    Bloomberg

    Hitachi’s ABB Deal Isn't Just an Escape Hatch

    Hitachi is nearing an agreement to buy 80.1 percent of Swiss engineering giant ABB Ltd.’s power-grid unit, in a deal that values the entire business at $11 billion. ABB has an option to sell its 19.9 percent stake three years after the current deal – Hitachi's largest-ever purchase – is completed. In its statement, ABB noted that Hitachi would help provide access to new markets as well as financing.