United Services Automobile Association boosted its holdings in shares of Agilent Technologies Inc (NYSE:A) by 54.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,792 shares of the medical research company’s stock after purchasing an additional 60,530 shares during the period. United Services Automobile Association’s holdings in Agilent Technologies were worth $12,118,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its holdings in Agilent Technologies by 75.9% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,791 shares of the medical research company’s stock valued at $110,000 after purchasing an additional 773 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Agilent Technologies by 391.7% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 6,023 shares of the medical research company’s stock valued at $158,000 after purchasing an additional 4,798 shares in the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of Agilent Technologies in the 3rd quarter valued at $181,000. AMG National Trust Bank acquired a new stake in shares of Agilent Technologies in the 3rd quarter valued at $212,000. Finally, UMB Bank N A MO acquired a new stake in shares of Agilent Technologies in the 3rd quarter valued at $219,000.
NYSE A opened at $70.25 on Friday. The firm has a market capitalization of $22.92 billion, a PE ratio of 25.18, a PEG ratio of 2.01 and a beta of 1.36. Agilent Technologies Inc has a 52 week low of $60.42 and a 52 week high of $75.11. The company has a quick ratio of 2.74, a current ratio of 3.29 and a debt-to-equity ratio of 0.39.
Agilent Technologies announced that its Board of Directors has approved a share repurchase program on Monday, November 19th that authorizes the company to buyback $1.75 billion in shares. This buyback authorization authorizes the medical research company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Monday, December 31st will be paid a dividend of $0.164 per share. The ex-dividend date of this dividend is Friday, December 28th. This is a boost from Agilent Technologies’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.93%. Agilent Technologies’s payout ratio is 21.51%.
In related news, insider Dominique Grau sold 8,902 shares of Agilent Technologies stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $74.00, for a total transaction of $658,748.00. Following the completion of the sale, the insider now directly owns 103,387 shares of the company’s stock, valued at $7,650,638. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Rodney Gonsalves sold 1,500 shares of Agilent Technologies stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $71.06, for a total value of $106,590.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,683 shares of company stock valued at $2,499,491.
A has been the subject of several research reports. Deutsche Bank lifted their target price on Agilent Technologies from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. ValuEngine raised Agilent Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Goldman Sachs Group reissued a “buy” rating and issued a $82.00 target price (up from $77.00) on shares of Agilent Technologies in a research note on Tuesday, September 18th. Zacks Investment Research cut Agilent Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, Cleveland Research cut Agilent Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, November 12th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Agilent Technologies currently has a consensus rating of “Buy” and a consensus price target of $78.75.
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About Agilent Technologies
Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. It operates in three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; raman spectroscopy; microfluidics based automated electrophoresis products; cell analysis plate based assays; laboratory software and informatics systems; laboratory automation; dissolution testing; vacuum pumps; and measurement technologies.
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