ABB - ABB Ltd

NYSE - NYSE Delayed Price. Currency in USD
19.41
+0.31 (+1.62%)
At close: 4:02PM EST
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Previous Close19.10
Open19.54
Bid0.00 x 800
Ask0.00 x 21500
Day's Range19.33 - 19.64
52 Week Range18.74 - 28.67
Volume3,064,617
Avg. Volume2,488,904
Market Cap42.13B
Beta (3Y Monthly)1.37
PE Ratio (TTM)18.47
EPS (TTM)1.05
Earnings DateN/A
Forward Dividend & Yield0.83 (4.26%)
Ex-Dividend Date2018-04-04
1y Target Est22.58
Trade prices are not sourced from all markets
  • ABB Battles Inflation Woes With Restructuring Initiatives
    Zacks14 hours 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.

  • ABB Has ‘Financial Horsepower’ for Future Acquisitions, CEO Says
    Bloomberg17 hours ago

    ABB Has ‘Financial Horsepower’ for Future Acquisitions, CEO Says

    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.

  • ABB to Sell Majority Stake in Power Grids Business to Hitachi
    Zacks17 hours 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 Journalyesterday

    [$$] 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.

  • General Electric Has A Bigger Rival In This Key Business Segment
    Investor's Business Dailyyesterday

    General 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.

  • Swiss Giant ABB Finally Does What the Hedge Fund Wants
    Bloomberg2 days ago

    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.

  • Swiss Giant ABB Finally Does What the Hedge Fund Wants
    Bloomberg2 days ago

    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 to Buy ABB's Power Grids Business for $6.4 Billion
    Bloomberg2 days ago

    Hitachi to Buy ABB's Power Grids Business for $6.4 Billion

    Hitachi agreed to acquire 80.1 percent of a business with an enterprise value including net debt of $11 billion, it said in a statement Monday. The move will advance Hitachi Chief Executive Officer Toshiaki Higashihara’s efforts to overhaul the diversified company and become a top provider of grid equipment as prospects for nuclear power are increasingly uncertain.

  • Hitachi’s ABB Deal Isn't Just an Escape Hatch
    Bloomberg2 days ago

    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.

  • The Wall Street Journal2 days 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.

  • ABB Nears Sale of Power Grids to Hitachi in $11 Billion Deal
    Bloomberg3 days ago

    ABB Nears Sale of Power Grids to Hitachi in $11 Billion Deal

    A representative for ABB declined to comment while Hitachi couldn’t immediately be reached for comment outside of regular business hours. A sale of the business -- which makes power transformers, long distance electricity-transmission systems and energy storage units -- would shrink ABB’s revenue by about a quarter and leave it more focused on robotics and automation. After conducting a strategic review, Chief Executive Officer Ulrich Spiesshofer defied the investor in 2016 by deciding to hang on to the division, arguing the business was significantly undervalued.

  • Hitachi, ABB Confirm Talks on Potential Deal on Power Grids
    Bloomberg6 days ago

    Hitachi, ABB Confirm Talks on Potential Deal on Power Grids

    ABB is in discussions with Hitachi to expand and re-define an existing strategic power-grid partnership between the two companies that dates to 2014, it said in a statement Wednesday. Hitachi made a similar statement after trading hours in Tokyo.

  • Does ABB's 4% Dividend Yield Make It a Stock to Buy Now?
    Motley Fool8 days ago

    Does ABB's 4% Dividend Yield Make It a Stock to Buy Now?

    A look at the bull and bear cases for ABB stock.

  • ABB to manufacture an optical sensor for GHGSat
    CNW Group20 days ago

    ABB to manufacture an optical sensor for GHGSat

    Contract signature marks ABB's entry into the non-government space sector with contract manufacturing services. QUÉBEC, Nov. 29, 2018 /CNW Telbec/ - ABB Measurement & Analytics Business Unit in Québec ...

  • 3 Top Stocks With High Dividend Yields
    Motley Fool21 days ago

    3 Top Stocks With High Dividend Yields

    A high yield doesn't have to mean high risk with these three stocks.

  • How This High-Yield Dividend Stock Crushed Its Q3
    Motley Foollast month

    How This High-Yield Dividend Stock Crushed Its Q3

    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.

  • Why ABB's Shares Sank a Painful 15% in October
    Motley Foollast month

    Why ABB's Shares Sank a Painful 15% in October

    ABB Ltd. fell sharply in October, but there wasn't anything major going on at the company.

  • ABB optical technology launched aboard GOSAT-2 Japanese satellite
    CNW Grouplast month

    ABB optical technology launched aboard GOSAT-2 Japanese satellite

    Designed for high accuracy measurement of carbon dioxide and methane concentrations globally, the new satellite is expected to double greenhouse gas readings per day over its GOSAT-1 predecessor. QUÉBEC, ...

  • GlobeNewswire2 months ago

    Investor Expectations to Drive Momentum within PACCAR, Crescent Point Energy, Ford Motor, ABB, Hilton Worldwide, and Aflac — Discovering Underlying Factors of Influence

    NEW YORK, Oct. 31, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • ABB to Invest $150 Million in Robotics Factory in Shanghai
    Bloomberg2 months ago

    ABB to Invest $150 Million in Robotics Factory in Shanghai

    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 Earnings & Revenues Miss Estimates in Q3, Orders Up Y/Y
    Zacks2 months ago

    ABB Earnings & Revenues Miss Estimates in Q3, Orders Up Y/Y

    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.

  • ABB Gains From Buyouts & Tactical Moves Despite High Costs
    Zacks3 months ago

    ABB Gains From Buyouts & Tactical Moves Despite High Costs

    ABB gains from strengthening businesses in major end markets, tactical initiatives and synergistic gains from buyouts. Surging costs and geopolitical issues remain headwinds.

  • Thomas & Betts Corporation is now ABB Installation Products Ltd.
    CNW Group3 months ago

    Thomas & Betts Corporation is now ABB Installation Products Ltd.

    Customers will continue to receive the same Thomas & Betts authentic products and quality service MONTREAL , Oct. 1, 2018 /CNW Telbec/ - ABB announced that, effective today, the Thomas & Betts Corporation ...