Agilent Technologies Inc. (A) Reaches New 1-Year High at $47.20
Agilent Technologies Inc. (NYSE:A)’s share price hit a new 52-week high during trading on Wednesday . The stock 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.
Several equities analysts recently commented on A shares. Zacks Investment Research upgraded shares of Agilent Technologies from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, April 25th. Leerink Swann reiterated a “buy” rating on shares of Agilent Technologies in a report on Thursday, May 26th. BTIG Research raised shares of Agilent Technologies to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, May 17th. Evercore ISI reissued a “buy” rating and issued a $48.00 price objective (up from $43.00) on shares of Agilent Technologies in a research report on Tuesday, May 17th. Finally, Jefferies Group reissued a “buy” rating and issued a $51.00 price objective (up from $46.00) on shares of Agilent Technologies in a research report on Tuesday, May 17th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $46.61.
The company’s 50 day moving average price is $45.60 and its 200-day moving average price is $41.44. The stock has a market capitalization of $15.49 billion and a P/E ratio of 33.83.
Agilent Technologies (NYSE:A) last announced its quarterly earnings results on Monday, May 16th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $983.08 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. Agilent Technologies’s revenue was up 5.8% on a year-over-year basis. Equities analysts forecast that Agilent Technologies Inc. will post $1.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Tuesday, July 5th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, June 30th.
In other Agilent Technologies news, CEO Michael R. Mcmullen sold 124,411 shares of Agilent Technologies stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $44.46, for a total transaction of $5,531,313.06. Following the completion of the sale, the chief executive officer now directly owns 171,473 shares in the company, valued at $7,623,689.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Dominique Grau sold 10,322 shares of Agilent Technologies stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $43.00, for a total transaction of $443,846.00. Following the sale, the senior vice president now owns 46,268 shares of the company’s stock, valued at $1,989,524. The disclosure for this sale can be found here.
Several large investors recently made changes to their positions in the stock. BlackRock Advisors LLC boosted its stake in shares of Agilent Technologies by 20.6% in the fourth quarter. BlackRock Advisors LLC now owns 1,436,820 shares of the company’s stock worth $60,074,000 after buying an additional 245,066 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Agilent Technologies by 9.0% in the fourth quarter. Westfield Capital Management Co. LP now owns 852,544 shares of the company’s stock worth $35,645,000 after buying an additional 70,044 shares in the last quarter. Employees Retirement System of Texas boosted its stake in shares of Agilent Technologies by 25.0% in the fourth quarter. Employees Retirement System of Texas now owns 25,000 shares of the company’s stock worth $1,045,000 after buying an additional 5,000 shares in the last quarter. I.G. Investment Management LTD. boosted its stake 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. Finally, Advisors Asset Management Inc. boosted its stake 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.
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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