Agilent Technologies Inc. (A) Sets New 52-Week High at $46.82
Agilent Technologies Inc. (NYSE:A) hit a new 52-week high on Wednesday . The company traded as high as $46.82 and last traded at $46.44, with a volume of 1,147,388 shares trading hands. The stock had previously closed at $46.53.
Several research analysts recently commented on the company. Goldman Sachs Group Inc. boosted their target price on Agilent Technologies to $47.00 in a research note on Wednesday, March 23rd. TheStreet raised Agilent Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 24th. Zacks Investment Research raised Agilent Technologies from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Monday, April 25th. Jefferies Group reaffirmed a “buy” rating and set a $51.00 price target (up from $46.00) on shares of Agilent Technologies in a report on Tuesday, May 17th. Finally, Barclays PLC lifted their price target on Agilent Technologies from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 17th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $46.18.
The firm has a market cap of $15.10 billion and a P/E ratio of 32.99. The stock has a 50-day moving average of $45.21 and a 200-day moving average of $40.93.
Agilent Technologies (NYSE:A) last announced its earnings results on Monday, May 16th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. During the same quarter in the prior year, the business earned $0.38 earnings per share. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $983.08 million. The firm’s revenue was up 5.8% on a year-over-year basis. On average, equities analysts forecast that Agilent Technologies Inc. will post $1.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Tuesday, July 5th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $0.46 dividend on an annualized basis and a yield of 1.01%.
In other Agilent Technologies news, CEO Michael R. Mcmullen sold 124,411 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $44.46, for a total value of $5,531,313.06. Following the transaction, the chief executive officer now owns 171,473 shares of the company’s stock, valued at $7,623,689.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Cullen sold 16,697 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $45.78, for a total transaction of $764,388.66. Following the completion of the transaction, the director now directly owns 92,613 shares in the company, valued at approximately $4,239,823.14. The disclosure for this sale can be found here.
Other institutional investors have modified their holdings of the company. I.G. Investment Management LTD. boosted its position in shares of Agilent Technologies by 43.0% in the fourth quarter. I.G. Investment Management LTD. now owns 166,115 shares of the company’s stock worth $6,945,000 after buying an additional 49,942 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Agilent Technologies by 0.5% in the fourth quarter. Advisors Asset Management Inc. now owns 32,792 shares of the company’s stock worth $1,371,000 after buying an additional 161 shares in the last quarter. Eaton Vance Management boosted its position in shares of Agilent Technologies by 0.5% in the fourth quarter. Eaton Vance Management now owns 602,277 shares of the company’s stock worth $25,181,000 after buying an additional 3,108 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Agilent Technologies by 28.8% in the fourth quarter. Suntrust Banks Inc. now owns 33,943 shares of the company’s stock worth $1,418,000 after buying an additional 7,597 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its position in shares of Agilent Technologies by 3.4% in the fourth quarter. Advantus Capital Management Inc now owns 31,875 shares of the company’s stock worth $1,333,000 after buying an additional 1,037 shares in the last quarter.
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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