Agilent Technologies Inc. (A) Given a $51.00 Price Target at Bank of America Corp.
Several other equities analysts have also commented on the company. Zacks Investment Research upgraded Agilent Technologies from a hold rating to a buy rating and set a $52.00 target price for the company in a research note on Wednesday, October 5th. Goldman Sachs Group Inc. reiterated a buy rating and issued a $53.00 target price on shares of Agilent Technologies in a research note on Wednesday, September 7th. Morgan Stanley set a $47.00 price target on Agilent Technologies and gave the company a hold rating in a research report on Thursday, August 18th. Robert W. Baird boosted their price target on Agilent Technologies from $48.00 to $52.00 and gave the company an outperform rating in a research report on Thursday, August 18th. Finally, Evercore ISI boosted their price target on Agilent Technologies from $50.00 to $53.00 and gave the company a buy rating in a research report on Thursday, August 18th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Agilent Technologies presently has a consensus rating of Buy and an average price target of $48.89.
Agilent Technologies (NYSE:A) traded up 1.44% during trading on Friday, hitting $48.06. The stock had a trading volume of 631,583 shares. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 33.33 and a beta of 1.35. Agilent Technologies has a one year low of $34.15 and a one year high of $48.63. The stock’s 50-day moving average is $46.61 and its 200 day moving average is $44.72.
Agilent Technologies (NYSE:A) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Agilent Technologies had a return on equity of 14.97% and a net margin of 11.59%. The company earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts anticipate that Agilent Technologies will post $1.91 earnings per share for the current year.
The company also recently declared 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. This represents a $0.46 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, September 30th. Agilent Technologies’s payout ratio is currently 31.72%.
In other news, insider Patrick Kaltenbach sold 2,000 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $47.30, for a total transaction of $94,600.00. Following the completion of the sale, the insider now directly owns 22,463 shares of the company’s stock, valued at approximately $1,062,499.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James Cullen sold 13,574 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $47.52, for a total value of $645,036.48. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in A. CENTRAL TRUST Co raised its position in Agilent Technologies by 1.3% in the second quarter. CENTRAL TRUST Co now owns 2,596 shares of the company’s stock valued at $115,000 after buying an additional 34 shares during the period. Wetherby Asset Management Inc. raised its position in Agilent Technologies by 0.9% in the second quarter. Wetherby Asset Management Inc. now owns 5,067 shares of the company’s stock valued at $225,000 after buying an additional 43 shares during the period. Commonwealth Equity Services Inc raised its position in Agilent Technologies by 0.6% in the first quarter. Commonwealth Equity Services Inc now owns 12,561 shares of the company’s stock valued at $501,000 after buying an additional 73 shares during the period. Cadence Capital Management LLC raised its position in Agilent Technologies by 1.7% in the second quarter. Cadence Capital Management LLC now owns 6,236 shares of the company’s stock valued at $277,000 after buying an additional 105 shares during the period. Finally, Linscomb & Williams Inc. raised its position in Agilent Technologies by 2.4% in the second quarter. Linscomb & Williams Inc. now owns 7,111 shares of the company’s stock valued at $315,000 after buying an additional 170 shares during the period.
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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