Agilent Technologies Inc. (A) Sets New 1-Year High at $47.20
Agilent Technologies Inc. (NYSE:A) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.20 and last traded at $46.96, with a volume of 497,272 shares changing hands. The stock had previously closed at $46.95.
A has been the subject of a number of analyst reports. Goldman Sachs Group Inc. raised Agilent Technologies from a “buy” rating to a “conviction-buy” rating and lifted their price objective for the company from $47.00 to $49.00 in a report on Wednesday, May 11th. Zacks Investment Research raised Agilent Technologies from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, May 10th. Leerink Swann reaffirmed an “outperform” rating and issued a $51.00 price target on shares of Agilent Technologies in a report on Thursday, June 30th. Barclays PLC reaffirmed a “hold” rating and issued a $45.00 price target on shares of Agilent Technologies in a report on Wednesday, June 8th. Finally, BTIG Research initiated coverage on Agilent Technologies in a report on Friday, July 22nd. They issued a “buy” rating and a $55.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $46.61.
The stock’s 50-day moving average is $45.52 and its 200 day moving average is $41.36. The firm has a market capitalization of $15.44 billion and a price-to-earnings ratio of 33.73.
Agilent Technologies (NYSE:A) last announced its quarterly earnings data on Monday, May 16th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $983.08 million. Agilent Technologies’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. Equities research analysts anticipate that Agilent Technologies Inc. will post $1.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Tuesday, July 5th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $0.46 annualized dividend and a dividend yield of 0.98%.
In related news, VP Rodney Gonsalves sold 9,542 shares of the company’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $44.24, for a total transaction of $422,138.08. Following the completion of the sale, the vice president now directly owns 16,322 shares in the company, valued at approximately $722,085.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Patrick Kaltenbach sold 5,266 shares of the company’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $44.07, for a total value of $232,072.62. Following the sale, the senior vice president now owns 25,729 shares of the company’s stock, valued at $1,133,877.03. The disclosure for this sale can be found here.
A number of institutional investors have recently bought and sold shares of A. Employees Retirement System of Texas increased its position in Agilent Technologies by 25.0% in the fourth quarter. Employees Retirement System of Texas now owns 25,000 shares of the company’s stock valued at $1,045,000 after buying an additional 5,000 shares in the last quarter. Advantus Capital Management Inc increased its position in Agilent Technologies by 3.4% in the fourth quarter. Advantus Capital Management Inc now owns 31,875 shares of the company’s stock valued at $1,333,000 after buying an additional 1,037 shares in the last quarter. Advisors Asset Management Inc. increased its position in Agilent Technologies by 0.5% in the fourth quarter. Advisors Asset Management Inc. now owns 32,792 shares of the company’s stock valued at $1,371,000 after buying an additional 161 shares in the last quarter. Suntrust Banks Inc. increased its position in Agilent Technologies by 28.8% in the fourth quarter. Suntrust Banks Inc. now owns 33,943 shares of the company’s stock valued at $1,418,000 after buying an additional 7,597 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new position in Agilent Technologies during the fourth quarter valued at approximately $1,631,000.
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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