24.32 +0.32 (1.33%)
Before hours: 7:33AM EDT
|Bid||24.37 x 3000|
|Ask||24.29 x 3200|
|Day's range||24.00 - 24.32|
|52-week range||14.71 - 25.30|
|Beta (5Y monthly)||1.19|
|PE ratio (TTM)||40.34|
|Forward dividend & yield||0.83 (3.44%)|
|Ex-dividend date||30 Mar 2020|
|1y target est||23.07|
ABB's divestment of an 80.1% stake in the Power Grids business will help it concentrate on core operations. Also, net proceeds are likely to be used for rewarding shareholders through share buybacks.
ABB's business unit opens a 400,000-sq.ft. distribution center in Phoenix to better serve customers in the Western United States.
Today, ABB Electrification’s Installation Products division made inaugural shipments from its 400,000 square foot West Coast Distribution Center in Phoenix, Arizona. The distribution center, which will supply products to customers in the western region of the U.S., will be fully operational during the third quarter of 2020. In addition to creating more than 100 jobs in the Phoenix area, the site will enable faster service and delivery times for a broad range of daily needed electrical products and in-stock items, such as Ty- Rap® cable ties, Color-Keyed® lugs, Steel City® commercial boxes and fittings and Elastimold® cable accessories.
Since the coronavirus outbreak, robots have filled up several job vacancies caused by social distancing orders. Here are five robotics and related stocks investors should closely watch.
Robust opportunities across Tetra Tech's (TTEK) client sectors, along with WYG and eGlobalTech buyouts are expected to boost its growth. Escalating costs and forex woes weigh on the company.
II-VI's (IIVI) electro-optic modulators allow manufacturers to perform several machining tasks, including drilling, scribing and marking at a rapid rate, with high accuracy.
iRobot's (IRBT) partnership with IFTTT will enable the company to enhance customer experience by facilitating easy integration of its devices with other products.
United Technologies' (UTX) HUD VR device offers high flexibility and efficacy to FAA experts that are required for performing research in advanced vision systems on HUDs.
Plug Power's (PLUG) fuel cell solutions will enable the customer to boost productivity, reduce operational costs and lower greenhouse gas emissions throughout its logistics business.
Berry Global's (BERY) business unit plans to utilize cash on hand for the redemption of senior notes. The redemption is likely to help the company to lower its debt burden.
Robotics space is gaining momentum owing to automation. Companies like Amazon (AMZN), ABB, Teradyne and others are leaving no stone unturned to capitalize on the prospects of this emerging technology.
ABB’s Electrification business continues to direct resources in the United States market following the acquisition of General Electric’s Industrial Solution business. The $2.6 billion acquisition expanded ABB’s portfolio of source to socket electrification solutions in 2018. In Mebane, NC, ABB is investing in a $39.9M expansion of its manufacturing operations with an additional 200,000 square feet and 400 jobs to be added in the next 5 years.
ABB offers Vattenfall fast-charging stations and all the essential grid connection hardware for developing a charging network for electric vehicles in Sweden.
Strength in end markets, acquired assets and stronger productivity and diligent cost-cutting initiatives are likely to drive ABB's growth. However, costs witness a rise.