|Bid||23.30 x 4000|
|Ask||23.48 x 3000|
|Day's range||23.40 - 23.65|
|52-week range||14.71 - 25.30|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||39.38|
|Forward dividend & yield||0.83 (3.52%)|
|Ex-dividend date||30 Mar 2020|
|1y target est||N/A|
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.
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.