Agilent Technologies Inc. (A) Hits New 1-Year High at $48.19
Agilent Technologies Inc. (NYSE:A) reached a new 52-week high 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.
A number of equities research analysts recently commented on A shares. Leerink Swann restated an “outperform” rating and set a $51.00 price objective on shares of Agilent Technologies in a report on Thursday, June 30th. Goldman Sachs Group Inc. upgraded shares of Agilent Technologies from a “buy” rating to a “conviction-buy” rating and lifted their price target for the company from $47.00 to $49.00 in a research note on Wednesday, May 11th. 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 note on Tuesday, May 10th. BTIG Research assumed coverage on shares of Agilent Technologies in a research note on Friday, July 22nd. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Barclays PLC reiterated a “hold” rating and issued a $45.00 price target 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 given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $46.61.
The company has a market capitalization of $15.67 billion and a price-to-earnings ratio of 34.24. The company has a 50 day moving average of $46.20 and a 200 day moving average of $42.20.
Agilent Technologies (NYSE:A) last issued its earnings results on Monday, May 16th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. On average, analysts forecast that Agilent Technologies Inc. will post $1.91 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.46 dividend on an annualized basis and a yield of 0.96%.
In other news, VP Mark Doak sold 18,879 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $44.14, for a total value of $833,319.06. Following the completion of the transaction, the vice president now directly owns 30,827 shares in the company, valued at $1,360,703.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Patrick Kaltenbach sold 5,266 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $44.07, for a total transaction of $232,072.62. Following the completion of the transaction, 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.
Several institutional investors have recently added to or reduced their stakes in A. RS Investment Management Co. LLC raised its position in Agilent Technologies by 44.8% in the fourth quarter. RS Investment Management Co. LLC now owns 1,883,670 shares of the company’s stock worth $78,756,000 after buying an additional 582,400 shares during the period. BlackRock Advisors LLC raised its position in 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 during the period. Westfield Capital Management Co. LP increased 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. I.G. Investment Management LTD. increased 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. increased 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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