Abb LTD (ABB) Valuation Rose While Diversified Investment Strategies LLC Decreased Its Position

February 15, 2018 - By Kurt Siggers

Diversified Investment Strategies Llc decreased its stake in Abb Ltd (ABB) by 93.35% based on its latest 2017Q3 regulatory filing with the SEC. Diversified Investment Strategies Llc sold 137,200 shares as the company’s stock rose 9.90% with the market. The institutional investor held 9,775 shares of the electrical products company at the end of 2017Q3, valued at $242,000, down from 146,975 at the end of the previous reported quarter. Diversified Investment Strategies Llc who had been investing in Abb Ltd for a number of months, seems to be less bullish one the $51.65 billion market cap company. The stock increased 2.17% or $0.54 during the last trading session, reaching $25.41. About 1.51M shares traded. ABB Ltd (NYSE:ABB) has risen 23.97% since February 15, 2017 and is uptrending. It has outperformed by 7.27% the S&P500.

More important recent ABB Ltd (NYSE:ABB) news were published by: Fool.com which released: “Is ABB Ltd (ADR) Destined for Greatness?” on June 10, 2014, also Seekingalpha.com published article titled: “ABB: The Worst Is Behind But The Future Is Overvalued”, Fool.com published: “Forget ABB Ltd. (ADR) and Check Out This German Robot Maker” on May 21, 2014. More interesting news about ABB Ltd (NYSE:ABB) was released by: Marketwatch.com and their article: “ABB Ltd. ADR” with publication date: July 23, 2009.

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 firm has “Buy” rating given on Tuesday, October 31 by Goldman Sachs. The rating was downgraded by BNP Paribas on Tuesday, May 23 to “Neutral”. The stock of ABB Ltd (NYSE:ABB) has “Buy” rating given on Friday, April 28 by Morgan Stanley. The stock of ABB Ltd (NYSE:ABB) has “Sell” rating given on Thursday, July 20 by Jefferies. The firm has “Buy” rating given on Friday, March 24 by Morgan Stanley. Jefferies upgraded the shares of ABB in report on Friday, October 9 to “Hold” rating. The stock of ABB Ltd (NYSE:ABB) earned “Buy” rating by Natixis on Wednesday, February 8. JP Morgan upgraded the shares of ABB in report on Wednesday, April 20 to “Neutral” rating. As per Tuesday, January 10, the company rating was upgraded by Bank of America. RBC Capital Markets upgraded the stock to “Outperform” rating in Friday, December 11 report.

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