|Bid||19.84 x 4000|
|Ask||0.00 x 4000|
|Day's Range||19.63 - 19.83|
|52 Week Range||18.05 - 25.47|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||18.86|
|Forward Dividend & Yield||0.83 (4.27%)|
|1y Target Est||22.58|
PALM BEACH, Florida, Feb. 14, 2019 /CNW/ -- Auto industry investing just may have become more sexy, for so many reason. Electric vehicles are becoming more mainstream every day, in almost every nation.
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.
“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.
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.
ABB intends to grow on the back of stellar sales, acquisitions and the Power Grids divestiture. However, material cost inflation remains a major drag.
The divestment of ABB's Power Grids business will enable it to focus more on its core businesses and technologies such as artificial intelligence.
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.
The $6.4 billion Hitachi-ABB deal makes Hitachi the world's No. 2 player in heavy electrical equipment by revenue behind General Electric.
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.
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 ...
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.
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, ...