Ledyard National Bank Has Upped Its Abb LTD Spon Adr (ABB) Stake by $3.57 Million

March 29, 2018 - By Max Morgan

Ledyard National Bank increased its stake in Abb Ltd Spon Adr (ABB) by 61.01% based on its latest 2017Q4 regulatory filing with the SEC. Ledyard National Bank bought 137,337 shares as the company’s stock declined 12.59% with the market. The institutional investor held 362,448 shares of the electrical products company at the end of 2017Q4, valued at $9.72M, up from 225,111 at the end of the previous reported quarter. Ledyard National Bank who had been investing in Abb Ltd Spon Adr for a number of months, seems to be bullish on the $51.19B market cap company. The stock increased 0.68% or $0.16 during the last trading session, reaching $23.72. About 757,626 shares traded. ABB Ltd (NYSE:ABB) has declined 0.51% since March 29, 2017 and is downtrending. It has underperformed by 12.06% the S&P500.

ABB Ltd (NYSE:ABB) Ratings Coverage

Among 15 analysts covering ABB Ltd (NYSE:ABB), 7 have Buy rating, 2 Sell and 6 Hold. Therefore 47% are positive. ABB Ltd had 37 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, August 23. The stock of ABB Ltd (NYSE:ABB) earned “Buy” rating by Natixis on Wednesday, February 8. JP Morgan downgraded the shares of ABB in report on Tuesday, September 22 to “Underweight” rating. The rating was maintained by Morgan Stanley with “Buy” on Friday, March 24. The stock has “Buy” rating by Nordea on Thursday, January 26. The firm has “Buy” rating given on Friday, April 28 by Morgan Stanley. The firm earned “Outperform” rating on Wednesday, January 25 by RBC Capital Markets. On Tuesday, October 31 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock of ABB Ltd (NYSE:ABB) has “Buy” rating given on Tuesday, January 10 by Bank of America. The stock of ABB Ltd (NYSE:ABB) has “Neutral” rating given on Thursday, April 21 by Robert W. Baird.

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