Cambiar Investors LLC cut its position in shares of Agilent Technologies Inc. (NYSE:A) by 22.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,295,834 shares of the company’s stock after selling 368,574 shares during the period. Cambiar Investors LLC’s holdings in Agilent Technologies were worth $57,483,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cribstone Capital Management LLC purchased a new position in Agilent Technologies during the second quarter worth approximately $102,000. Trust Department MB Financial Bank N A increased its stake in Agilent Technologies by 3,166.4% in the second quarter. Trust Department MB Financial Bank N A now owns 3,887 shares of the company’s stock worth $150,000 after buying an additional 3,768 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in Agilent Technologies by 7,555.6% in the second quarter. JFS Wealth Advisors LLC now owns 3,445 shares of the company’s stock worth $153,000 after buying an additional 3,400 shares in the last quarter. Cypress Asset Management Inc. TX bought a new stake in Agilent Technologies during the second quarter worth about $222,000. Finally, Zions Bancorporation increased its stake in Agilent Technologies by 1,541.2% in the first quarter. Zions Bancorporation now owns 6,138 shares of the company’s stock worth $245,000 after buying an additional 5,764 shares in the last quarter.
Shares of Agilent Technologies Inc. (NYSE:A) traded down 1.63% during trading on Thursday, hitting $46.41. 1,938,163 shares of the company traded hands. The company has a 50 day moving average price of $46.79 and a 200 day moving average price of $44.37. Agilent Technologies Inc. has a 52 week low of $33.12 and a 52 week high of $48.63. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 32.18 and a beta of 1.41.
Agilent Technologies (NYSE:A) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The company earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Agilent Technologies had a net margin of 11.59% and a return on equity of 14.97%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. On average, analysts expect that Agilent Technologies Inc. will post $1.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, October 4th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend 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 analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Agilent Technologies from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Monday, August 22nd. Evercore ISI lifted their price objective on shares of Agilent Technologies from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Morgan Stanley set a $47.00 price objective on shares of Agilent Technologies and gave the stock a “hold” rating in a report on Thursday, August 18th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $50.00 price objective on shares of Agilent Technologies in a report on Thursday, August 18th. Finally, BTIG Research reaffirmed a “buy” rating and set a $55.00 price objective on shares of Agilent Technologies in a report on Thursday, August 18th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.32.
In related news, Director Heidi Fields sold 8,072 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $46.99, for a total value of $379,303.28. Following the completion of the sale, the director now owns 51,836 shares of the company’s stock, valued at $2,435,773.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rodney Gonsalves sold 8,141 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $47.82, for a total transaction of $389,302.62. Following the completion of the sale, the vice president now directly owns 16,322 shares of the company’s stock, valued at approximately $780,518.04. 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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