Agilent Technologies, Inc. (A) Stake Boosted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Agilent Technologies, Inc. (NYSE:A) by 3.4% during the third quarter, Holdings Channel reports. The fund owned 50,661 shares of the company’s stock after buying an additional 1,681 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Agilent Technologies were worth $2,386,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of A. Victory Capital Management Inc. increased its position in Agilent Technologies by 132.7% in the second quarter. Victory Capital Management Inc. now owns 4,004,727 shares of the company’s stock valued at $177,650,000 after buying an additional 2,283,890 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Agilent Technologies by 251.7% in the second quarter. American Century Companies Inc. now owns 2,592,886 shares of the company’s stock valued at $115,020,000 after buying an additional 1,855,695 shares during the period. Chartwell Investment Partners LLC bought a new stake in shares of Agilent Technologies during the second quarter valued at about $75,543,000. Columbia Wanger Asset Management LLC bought a new stake in shares of Agilent Technologies during the second quarter valued at about $39,198,000. Finally, Kleinwort Benson Investors Dublin Ltd bought a new stake in shares of Agilent Technologies during the second quarter valued at about $32,598,000.
Agilent Technologies, Inc. (NYSE:A) traded up 0.113% during midday trading on Friday, reaching $48.575. The company had a trading volume of 839,191 shares. The stock has a market capitalization of $15.63 billion, a PE ratio of 34.696 and a beta of 1.28. Agilent Technologies, Inc. has a 1-year low of $34.15 and a 1-year high of $49.48. The firm’s 50 day moving average is $45.98 and its 200 day moving average is $46.05.
Agilent Technologies (NYSE:A) last posted its quarterly earnings results on Tuesday, November 15th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm earned $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Agilent Technologies had a net margin of 10.99% and a return on equity of 15.49%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. On average, equities analysts anticipate that Agilent Technologies, Inc. will post $2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Tuesday, January 3rd will be issued a dividend of $0.132 per share. This is a boost from Agilent Technologies’s previous quarterly dividend of $0.12. This represents a $0.53 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, December 29th. Agilent Technologies’s dividend payout ratio is currently 37.59%.
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A number of analysts have recently weighed in on the company. Zacks Investment Research raised Agilent Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, November 17th. Cowen and Company lowered Agilent Technologies from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a research note on Wednesday, January 4th. BTIG Research restated a “buy” rating on shares of Agilent Technologies in a research note on Wednesday, November 16th. Leerink Swann began coverage on Agilent Technologies in a research note on Thursday, November 10th. They issued an “outperform” rating and a $53.00 target price for the company. Finally, Janney Montgomery Scott restated a “buy” rating on shares of Agilent Technologies in a research note on Friday, December 23rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $50.19.
In related news, Director Paul N. Clark sold 4,704 shares of the stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $45.31, for a total transaction of $213,138.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Didier Hirsch sold 22,256 shares of the stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $48.50, for a total transaction of $1,079,416.00. Following the transaction, the chief financial officer now directly owns 190,023 shares of the company’s stock, valued at $9,216,115.50. The disclosure for this sale can be found here.
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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