ABB Ltd (ADR) (ABB) Reaches $25.15 52-Week High, 1832 Asset Management LP Upped By $41.19 Million Its Raytheon Co (RTN) Stake

May 22, 2017 - By Maria Brooks

The stock of ABB Ltd (ADR) (NYSE:ABB) hit a new 52-week high and has $26.41 target or 5.00% above today’s $25.15 share price. The 6 months bullish chart indicates low risk for the $56.00B company. The 1-year high was reported on May, 22 by Barchart.com. If the $26.41 price target is reached, the company will be worth $2.80B more. About 419,157 shares traded. ABB Ltd (ADR) (NYSE:ABB) has risen 23.97% since May 22, 2016 and is uptrending. It has outperformed by 7.27% the S&P500.

1832 Asset Management Lp increased Raytheon Co (RTN) stake by 52.27% reported in 2016Q4 SEC filing. 1832 Asset Management Lp acquired 358,170 shares as Raytheon Co (RTN)’s stock rose 4.85%. The 1832 Asset Management Lp holds 1.04 million shares with $120.81 million value, up from 685,168 last quarter. Raytheon Co now has $47.88B valuation. The stock rose 1.09% or $1.75 reaching $162.03 per share. About 532,483 shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since May 22, 2016 and is uptrending. It has outperformed by 7.33% the S&P500.

Among 16 analysts covering Raytheon Company (NYSE:RTN), 12 have Buy rating, 1 Sell and 3 Hold. Therefore 75% are positive. Raytheon Company has $180 highest and $118 lowest target. $148.71’s average target is -8.22% below currents $162.03 stock price. Raytheon Company had 34 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Friday, July 29. The stock of Raytheon Company (NYSE:RTN) has “Hold” rating given on Monday, December 5 by Deutsche Bank. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Wednesday, September 2 by RBC Capital Markets. The firm has “Buy” rating by Bank of America given on Tuesday, July 28. On Monday, May 2 the stock rating was maintained by Barclays Capital with “Equal Weight”. UBS upgraded the shares of RTN in report on Tuesday, September 29 to “Buy” rating. Zacks downgraded Raytheon Company (NYSE:RTN) on Thursday, September 3 to “Sell” rating. On Friday, October 28 the stock rating was maintained by Deutsche Bank with “Hold”. Wolfe Research downgraded the shares of RTN in report on Friday, October 23 to “Peer Perform” rating. The stock has “Sell” rating by Zacks on Monday, August 24.

Since January 26, 2017, it had 0 insider buys, and 12 selling transactions for $12.18 million activity. Shares for $5.56M were sold by Kennedy Thomas A. Jimenez Frank R sold $71,000 worth of stock. Another trade for 1,275 shares valued at $194,170 was made by RHOADS REBECCA R on Friday, March 24. $647,350 worth of Raytheon Company (NYSE:RTN) was sold by Wood Michael J. 1,275 shares were sold by O’Brien Anthony F, worth $194,170 on Friday, March 24. Shares for $155,353 were sold by Lawrence Taylor W on Monday, March 27. On Wednesday, March 8 the insider WAJSGRAS DAVID C sold $810,915.

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.10, from 1.2 in 2016Q3. It dived, as 55 investors sold RTN shares while 327 reduced holdings. 88 funds opened positions while 331 raised stakes. 216.30 million shares or 1.43% less from 219.43 million shares in 2016Q3 were reported. Estabrook Mgmt reported 6,600 shares. Sigma Counselors holds 0.05% or 2,268 shares in its portfolio. Bb&T Lc has 0.11% invested in Raytheon Company (NYSE:RTN) for 52,442 shares. The California-based Jacobs Co Ca has invested 0.07% in Raytheon Company (NYSE:RTN). Employees Retirement Association Of Colorado owns 362,413 shares. Concert Wealth Mgmt has 5,264 shares for 0.17% of their portfolio. Teachers Retirement Systems Of The State Of Kentucky accumulated 36,300 shares or 0.07% of the stock. Mercer Capital Advisers Inc holds 300 shares. Ohio-based Mai has invested 0.74% in Raytheon Company (NYSE:RTN). Exxonmobil Inv Mgmt Tx has invested 0.22% of its portfolio in Raytheon Company (NYSE:RTN). Advisor Partners Lc reported 8,272 shares stake. Vantage Invest Advsrs Lc owns 318 shares for 0.02% of their portfolio. Moreover, State Treasurer State Of Michigan has 0.11% invested in Raytheon Company (NYSE:RTN) for 96,036 shares. Plante Moran Financial Advsr Ltd Liability Corporation invested 0.05% of its portfolio in Raytheon Company (NYSE:RTN). New York-based Alpine Woods Investors Limited Company has invested 0.47% in Raytheon Company (NYSE:RTN).

1832 Asset Management Lp decreased Boeing Co (NYSE:BA) stake by 8,156 shares to 220,551 valued at $34.36M in 2016Q4. It also reduced Comcast Corp New (NASDAQ:CMCSA) stake by 1.40M shares and now owns 4.91M shares. Voya Prime Rate Tr (NYSE:PPR) was reduced too.

Analysts await ABB Ltd (ADR) (NYSE:ABB) to report earnings on July, 20. They expect $0.30 EPS, 0.00% or $0.00 from last year’s $0.3 per share. ABB’s profit will be $667.99 million for 20.96 P/E if the $0.30 EPS becomes a reality. After $0.28 actual EPS reported by ABB Ltd (ADR) for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

ABB Ltd is a holding company. The Company’s divisions include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. The company has market cap of $56.00 billion. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It has a 25.59 P/E ratio. It is engaged in serving clients in utilities, industry and transport and infrastructure.

Among 14 analysts covering ABB Ltd (NYSE:ABB), 8 have Buy rating, 2 Sell and 4 Hold. Therefore 57% are positive. ABB Ltd has $25 highest and $18 lowest target. $22.33’s average target is -11.21% below currents $25.15 stock price. ABB Ltd had 26 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of ABB Ltd (ADR) (NYSE:ABB) has “Buy” rating given on Wednesday, April 19 by Morgan Stanley. JP Morgan upgraded ABB Ltd (ADR) (NYSE:ABB) on Wednesday, April 20 to “Neutral” rating. The stock of ABB Ltd (ADR) (NYSE:ABB) has “Buy” rating given on Friday, March 24 by Morgan Stanley. The stock has “Buy” rating by Nordea on Thursday, January 26. Jefferies upgraded ABB Ltd (ADR) (NYSE:ABB) on Friday, October 9 to “Hold” rating. Robert W. Baird upgraded the stock to “Outperform” rating in Monday, December 12 report. Societe Generale upgraded the stock to “Hold” rating in Thursday, April 21 report. The stock of ABB Ltd (ADR) (NYSE:ABB) has “Buy” rating given on Friday, April 28 by Morgan Stanley. Jefferies maintained ABB Ltd (ADR) (NYSE:ABB) on Wednesday, April 5 with “Sell” rating. Robert W. Baird maintained the shares of ABB in report on Wednesday, October 5 with “Neutral” rating.