Brown Advisory Inc. reduced its stake in shares of Agilent Technologies Inc. (NYSE:A) by 16.0% during the second quarter, Holdings Channel reports. The institutional investor owned 27,867 shares of the company’s stock after selling 5,306 shares during the period. Brown Advisory Inc.’s holdings in Agilent Technologies were worth $1,237,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in A. CENTRAL TRUST Co boosted its position in Agilent Technologies by 1.3% in the second quarter. CENTRAL TRUST Co now owns 2,596 shares of the company’s stock worth $115,000 after buying an additional 34 shares during the period. Commonwealth Equity Services Inc boosted its position in Agilent Technologies by 0.6% in the first quarter. Commonwealth Equity Services Inc now owns 12,561 shares of the company’s stock worth $501,000 after buying an additional 73 shares during the period. Cadence Capital Management LLC boosted its position in Agilent Technologies by 1.7% in the second quarter. Cadence Capital Management LLC now owns 6,236 shares of the company’s stock worth $277,000 after buying an additional 105 shares during the period. Linscomb & Williams Inc. boosted its position in Agilent Technologies by 2.4% in the second quarter. Linscomb & Williams Inc. now owns 7,111 shares of the company’s stock worth $315,000 after buying an additional 170 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Agilent Technologies by 0.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 37,171 shares of the company’s stock worth $1,554,000 after buying an additional 200 shares during the period.
Shares of Agilent Technologies Inc. (NYSE:A) traded down 0.49% on Tuesday, hitting $46.34. 244,142 shares of the stock traded hands. The company’s 50 day moving average is $46.82 and its 200 day moving average is $44.30. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 32.14 and a beta of 1.41. Agilent Technologies Inc. has a one year low of $33.12 and a one year high of $48.63.
Agilent Technologies (NYSE:A) last released its earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Agilent Technologies had a return on equity of 14.97% and a net margin of 11.59%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Agilent Technologies Inc. will post $1.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 4th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, September 30th. Agilent Technologies’s payout ratio is 31.72%.
A number of brokerages recently commented on A. Deutsche Bank AG began coverage on shares of Agilent Technologies in a research note on Wednesday, June 1st. They issued a “hold” rating on the stock. Robert W. Baird increased their price objective on shares of Agilent Technologies from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. Evercore ISI increased their price objective on shares of Agilent Technologies from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Zacks Investment Research raised shares of Agilent Technologies from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, August 22nd. Finally, BTIG Research reissued a “buy” rating and issued a $55.00 price objective on shares of Agilent Technologies in a research note on Thursday, August 18th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Agilent Technologies has a consensus rating of “Buy” and a consensus target price of $48.32.
In other Agilent Technologies news, VP Rodney Gonsalves sold 8,141 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $47.82, for a total value of $389,302.62. Following the completion of the sale, the vice president now directly owns 16,322 shares in the company, valued at $780,518.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Boon Hwee Koh sold 5,298 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $47.66, for a total value of $252,502.68. The disclosure for this sale can be found here.
About Agilent Technologies
Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.
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