|Bid||171.80 x 0|
|Ask||171.90 x 0|
|Day's Range||171.10 - 174.00|
|52 Week Range||164.35 - 227.80|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||163.65|
|Forward Dividend & Yield||6.84 (3.95%)|
|1y Target Est||25.20|
Ltd. is putting more power in the hands of its business leaders and reducing head count at its corporate office in a bid to boost its profit margin and cut $500 million a year in costs. ABB also announced it would scrap country and regional structures across its remaining business lines—electrification, industrial automation, robotics and discrete automation and motion. As part of the restructuring, the Swiss conglomerate gave business unit leaders ownership of products, functions, research and technology and territories.
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 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.
The Swiss group could target application software and “chunky assets” in areas such as measurement and analytics that are key to the digitization of its process-automation business, Ulrich Spiesshofer said in an interview in London on Tuesday. Any deals would build on the group’s switch from selling infrastructure to governments to focusing on digitized industrial products such as factory robots, electrical supplies to data centers, charging stations for electric cars and household sockets that provide an Internet connection in every room. The climax of the transformation came with Monday’s agreement to sell ABB’s power-grid arm to Japan’s Hitachi Ltd., valued at $11 billion including debt.
TOKYO—Hitachi Ltd. agreed to acquire a power-grid unit from Switzerland-based ABB Ltd. for $6.4 billion, as the Japanese company beefs up its industrial portfolio against rivals such as General Electric Co. The deal, the largest yet for 108-year-old Hitachi, would give it 80.1% of the ABB unit initially, with an option to take a 100% stake later. Hitachi, once known as a maker of televisions and other consumer electronics, has given up most of its consumer lines after heavy losses a decade ago.
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 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.
ABB has agreed to sell an 80.1% stake in its power grids division to Hitachi, generating cash proceeds of up to $7.8 billion which will be returned to shareholders.
Japan's Hitachi Ltd is close to agreeing a deal to buy Switzerland based ABB Ltd's power grid business for about 800 billion yen ($7.1 billion), the Nikkei business daily reported on Wednesday. Hitachi's board confirmed a plan to move forward with the deal, which would be the Japanese industrial conglomerate's largest-ever acquisition, the Nikkei reported https://asia.nikkei.com/Business/Business-Deals/Hitachi-nears-deal-worth-up-to-7bn-for-ABB-s-power-grid-business. A Hitachi spokesman said the company did not make any announcement and declined to comment further.
ABB has been in talks with Hitachi, Mitsubishi Electric Corp and State Grid of China [STGRD.UL] to sell all or part of the business, which makes power transformers and electricity substations, Reuters reported in November. "ABB confirms that it is currently in discussions with Hitachi to expand and re-define the existing strategic power grid partnership between the two companies announced in December 2014," the Swiss company said in a statement. Hitachi said in a statement it was discussing the power business with ABB but nothing had been decided.
International giant ABB turned in a great quarter, and there's more good news to come. Here's why investors should like this high-yield stock.
This new factory will set out to “shape the next generation of manufacturing, the next generation of capacity,” Chief Executive Officer Ulrich Spiesshofer said in an interview in Shanghai on Saturday. Production is expected to begin by the end of 2020 and annual capacity will be around 100,000 robots, or one quarter of its global demand last year, Spiesshofer said. The Shanghai plant, located in the Kangqiao area, will be the company’s single largest robotics facility around the world, producing the full range of ABB’s products from small payload robots to large ones that can lift an entire car, according to Spiesshofer.
ABB's revenues rise year over year in Q3 on the back of impressive growth in Robotics and Motion segment in addition to strong momentum in Electrification Products segment.
On a per-share basis, the Zurich-based company said it had profit of 28 cents. Earnings, adjusted for non-recurring costs, came to 34 cents per share. The industrial automation company posted revenue of ...
ABB gains from strengthening businesses in major end markets, tactical initiatives and synergistic gains from buyouts. Surging costs and geopolitical issues remain headwinds.
This article is intended for those of you who are at the beginning of your investing journey and want to start learning about core concepts of fundamental analysis on practicalRead More...