Agilent Technologies Inc. (A) Reaches New 12-Month High at $48.19
Shares of Agilent Technologies Inc. (NYSE:A) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.19 and last traded at $48.12, with a volume of 1,254,370 shares traded. The stock had previously closed at $47.51.
Several analysts recently issued reports on A shares. Zacks Investment Research upgraded shares of Agilent Technologies from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, May 10th. Leerink Swann reissued an “outperform” rating and issued a $51.00 price objective on shares of Agilent Technologies in a research note on Thursday, June 30th. Morgan Stanley reissued a “hold” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Agilent Technologies in a research note on Tuesday, May 17th. Deutsche Bank AG initiated coverage on shares of Agilent Technologies in a research note on Wednesday, June 1st. They issued a “hold” rating for the company. Finally, Barclays PLC reissued a “hold” rating and issued a $45.00 price objective on shares of Agilent Technologies in a research note on Wednesday, June 8th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.61.
The firm has a market capitalization of $15.67 billion and a PE ratio of 34.23. The stock’s 50-day moving average price is $46.16 and its 200 day moving average price is $42.13.
Agilent Technologies (NYSE:A) last posted its quarterly earnings results on Monday, May 16th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.05. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $983.08 million. The company’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. On average, equities analysts anticipate that Agilent Technologies Inc. will post $1.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Tuesday, July 5th were issued a $0.115 dividend. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.46 annualized dividend and a yield of 0.96%.
In other news, SVP Patrick Kaltenbach sold 5,266 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $44.07, for a total value of $232,072.62. Following the sale, the senior vice president now directly owns 25,729 shares of the company’s stock, valued at approximately $1,133,877.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael R. Mcmullen sold 124,411 shares of the company’s stock in a transaction dated Thursday, May 19th. The stock was 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 disclosure for this sale can be found here.
Other hedge funds have added to or reduced their stakes in the company. Advantus Capital Management Inc increased its stake in 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. Advisors Asset Management Inc. increased its stake in 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. Suntrust Banks Inc. increased its stake in 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. Schroder Investment Management Group acquired a new stake in Agilent Technologies during the fourth quarter worth $1,631,000. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Agilent Technologies by 5.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 44,006 shares of the company’s stock worth $1,840,000 after buying an additional 2,161 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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