Tokio Marine Asset Management Co. Ltd. Sells 1,096 Shares of Agilent Technologies Inc. (A)
Tokio Marine Asset Management Co. Ltd. lowered its stake in Agilent Technologies Inc. (NYSE:A) by 8.7% during the second quarter, Holdings Channel reports. The fund owned 11,486 shares of the company’s stock after selling 1,096 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Agilent Technologies were worth $510,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cribstone Capital Management LLC purchased a new stake in Agilent Technologies during the second quarter valued at $102,000. 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 valued at $153,000 after buying an additional 3,400 shares in the last quarter. 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 valued at $150,000 after buying an additional 3,768 shares in the last quarter. Cypress Asset Management Inc. TX bought a new stake in Agilent Technologies during the second quarter valued at approximately $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 valued at $245,000 after buying an additional 5,764 shares in the last quarter.
Shares of Agilent Technologies Inc. (NYSE:A) traded up 0.17% during midday trading on Friday, reaching $47.38. The company had a trading volume of 1,663,127 shares. Agilent Technologies Inc. has a 12 month low of $34.15 and a 12 month high of $48.63. The company has a market capitalization of $15.37 billion, a P/E ratio of 32.86 and a beta of 1.35. The firm’s 50 day moving average price is $46.61 and its 200-day moving average price is $44.72.
Agilent Technologies (NYSE:A) last posted its earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $1.04 billion for 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 quarter in the previous year, the firm posted $0.44 earnings per share. Analysts anticipate that Agilent Technologies Inc. will post $1.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 4th will be paid a dividend of $0.115 per share. The ex-dividend date is Friday, September 30th. This represents a $0.46 annualized dividend and a yield of 0.97%. Agilent Technologies’s dividend payout ratio is 31.72%.
A number of brokerages have commented on A. Zacks Investment Research cut Agilent Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. BTIG Research initiated coverage on Agilent Technologies in a research note on Friday, July 22nd. They set a “buy” rating and a $55.00 price target on the stock. Evercore ISI increased their target price on Agilent Technologies from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $50.00 target price on shares of Agilent Technologies in a research report on Thursday, August 18th. Finally, Robert W. Baird increased their target price on Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $48.89.
In other news, insider Patrick Kaltenbach sold 2,000 shares of the company’s 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 transaction, the insider now directly owns 22,463 shares in the company, valued at $1,055,761. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Boon Hwee Koh sold 5,298 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $47.66, for a total transaction of $252,502.68. 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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