ABB - ABB Ltd
| Previous Close | 19.82 |
| Open | 19.56 |
| Bid | 19.830 x 1000 |
| Ask | 19.840 x 900 |
| Day's Range | 19.56 - 19.85 |
| 52 Week Range | 18.05 - 25.47 |
| Volume | 1,338,456 |
| Avg. Volume | 2,915,401 |
| Market Cap | 42.35B |
| Beta (3Y Monthly) | 1.06 |
| PE Ratio (TTM) | 18.86 |
| EPS (TTM) | 1.051 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.83 (4.27%) |
| Ex-Dividend Date | 2018-04-04 |
| 1y Target Est | 22.58 |
- PR Newswire•yesterday
ABB Customer World Sneak Peak: Announcing our Exciting Keynote Lineup
ABB CEO Ulrich Spiesshofer and HPE CEO Antonio Neri kick off three days of exciting and high-profile keynotes featuring ABB Executive Committee members, Futurist Tony Seba, top executives from ABB, BP, ...
- Barrons.com•18 days ago
This Industrial Stock Offers 2 Ways to Win
ABB’s digital transformation could accelerate revenue and earnings growth and enhance shareholder returns. And you can collect a 4.2% yield while you wait.
- Bloomberg•last month
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.
- The Wall Street Journal•last month
[$$] ABB Bets Simplified Structure Will Cut Costs, Boost Profit
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.
- Motley Fool•last month
ABB Stock Upgraded: What You Need to Know
As ABB sells a less profitable division, Merrill Lynch rates it a buy.
- Motley Fool•2 months ago
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.
- Insider Monkey•2 months ago
Is ABB Ltd (ABB) A Good Stock To Buy?
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
- Moody's•2 months ago
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.
- MarketWatch•2 months ago
Japan Inc heads abroad in $180bn deal rush
Japanese companies have embarked on the biggest overseas acquisition spree in more than 20 years, echoing the deal boom of the 1980s as they race to buy growth to offset a shrinking domestic market and ageing workforce. Corporate Japan splashed out nearly $180bn on 621 outbound deals so far this year, compared with 685 deals with a total value of almost $80bn for the whole of 2017, according to financial data provider Dealogic. Hitachi (HTHIY) added another $6.4bn to Japan’s tally of deals on Monday after it bought an 80.1% stake in the power grids division of its Swiss-Swedish rival ABB (ABB) .
- Zacks•2 months ago
ABB Battles Inflation Woes With Restructuring Initiatives
ABB intends to grow on the back of stellar sales, acquisitions and the Power Grids divestiture. However, material cost inflation remains a major drag.
- Zacks•2 months ago
ABB to Sell Majority Stake in Power Grids Business to Hitachi
The divestment of ABB's Power Grids business will enable it to focus more on its core businesses and technologies such as artificial intelligence.
- The Wall Street Journal•2 months ago
[$$] Hitachi to Take On GE With $6.4 Billion Power Deal
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.
- Associated Press•2 months ago
Fidelity Southern and State Street rise; Molina tumbles
Stocks that moved substantially or traded heavily Monday: Molina Healthcare Inc., down $11.72 to $120 Insurers, hospitals and other health care companies fell after a Texas judge ruled that the 2010 Affordable ...
Investor's Business Daily•2 months agoGeneral Electric Has A Bigger Rival In This Key Business Segment
The $6.4 billion Hitachi-ABB deal makes Hitachi the world's No. 2 player in heavy electrical equipment by revenue behind General Electric.
Bloomberg•2 months agoSwiss 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.
Bloomberg•2 months agoHitachi’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.
- The Wall Street Journal•2 months ago
[$$] ABB to Sell Power Grids Division to Hitachi
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.
- Reuters•2 months ago
Hitachi nears $7 bln deal to buy ABB's power grid business - Nikkei
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.
Reuters•2 months agoABB, Hitachi close in on power grids deal
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.
