Several other research analysts also recently weighed in on the stock. Goldman Sachs Group Inc. restated a buy rating and set a $50.00 price target on shares of Agilent Technologies in a research report on Thursday, August 18th. Zacks Investment Research downgraded shares of Agilent Technologies from a buy rating to a hold rating in a research report on Tuesday, August 23rd. Leerink Swann restated an outperform rating and set a $51.00 price target on shares of Agilent Technologies in a research report on Thursday, June 30th. Morgan Stanley set a $47.00 price target on shares of Agilent Technologies and gave the stock a hold rating in a research report on Thursday, August 18th. Finally, BTIG Research initiated coverage on shares of Agilent Technologies in a research report on Friday, July 22nd. They set a buy rating and a $55.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $48.89.
Agilent Technologies (NYSE:A) opened at 45.47 on Friday. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 31.53 and a beta of 1.35. Agilent Technologies has a 12 month low of $34.15 and a 12 month high of $48.63. The stock’s 50 day moving average price is $46.49 and its 200-day moving average price is $44.87.
Agilent Technologies (NYSE:A) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Agilent Technologies had a net margin of 11.59% and a return on equity of 14.97%. The firm earned $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts expect that Agilent Technologies will post $1.91 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, October 4th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.46 annualized dividend and a dividend yield of 1.01%. Agilent Technologies’s dividend payout ratio (DPR) is 31.72%.
In related news, insider Patrick Kaltenbach sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $47.00, for a total transaction of $94,000.00. Following the completion of the transaction, the insider now owns 22,463 shares of the company’s stock, valued at approximately $1,055,761. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rodney Gonsalves sold 8,141 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $47.82, for a total transaction of $389,302.62. Following the transaction, 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.
Institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in Agilent Technologies by 19.3% in the third quarter. Creative Planning now owns 10,420 shares of the company’s stock worth $491,000 after buying an additional 1,683 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Agilent Technologies by 500.5% in the third quarter. BNP Paribas Arbitrage SA now owns 501,978 shares of the company’s stock worth $23,638,000 after buying an additional 418,388 shares during the last quarter. Eqis Capital Management Inc. bought a new position in Agilent Technologies during the third quarter worth $211,000. Macquarie Group Ltd. boosted its position in Agilent Technologies by 57.3% in the second quarter. Macquarie Group Ltd. now owns 278,800 shares of the company’s stock worth $12,367,000 after buying an additional 101,550 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Agilent Technologies during the second quarter worth $587,000.
Agilent Technologies Company Profile
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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