Equities researchers at Leerink Swann initiated coverage on shares of Agilent Technologies Inc. (NYSE:A) in a report issued on Thursday. The firm set an “outperform” rating and a $53.00 price target on the stock. Leerink Swann’s price objective indicates a potential upside of 14.30% from the company’s current price.

A has been the topic of a number of other research reports. Zacks Investment Research cut shares of Agilent Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. BTIG Research began 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. Evercore ISI upped their price target on shares of Agilent Technologies from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $50.00 price target on shares of Agilent Technologies in a research note on Thursday, August 18th. Finally, Robert W. Baird upped their price target on shares of Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.73.

Analyst Recommendations for Agilent Technologies (NYSE:A)

Agilent Technologies (NYSE:A) opened at 46.37 on Thursday. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 32.16 and a beta of 1.29. Agilent Technologies has a 12 month low of $34.15 and a 12 month high of $48.63. The firm’s 50-day moving average is $45.61 and its 200-day moving average is $45.52.

Agilent Technologies (NYSE:A) last announced its earnings results on Wednesday, August 17th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Agilent Technologies had a net margin of 11.59% and a return on equity of 14.97%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that Agilent Technologies will post $1.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Investors of record on Tuesday, October 4th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, September 30th. Agilent Technologies’s dividend payout ratio is 31.72%.

In related news, Director James Cullen sold 13,574 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $47.52, for a total value of $645,036.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick Kaltenbach sold 2,000 shares of the stock in a transaction that occurred 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 $1,062,499.90. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Robecosam AG increased its position in Agilent Technologies by 40.4% in the first quarter. Robecosam AG now owns 791,151 shares of the company’s stock valued at $31,741,000 after buying an additional 227,764 shares during the last quarter. Logan Capital Management Inc. increased its position in Agilent Technologies by 0.5% in the first quarter. Logan Capital Management Inc. now owns 138,345 shares of the company’s stock valued at $5,513,000 after buying an additional 705 shares during the last quarter. Babson Capital Management LLC increased its position in Agilent Technologies by 17.3% in the first quarter. Babson Capital Management LLC now owns 18,336 shares of the company’s stock valued at $731,000 after buying an additional 2,700 shares during the last quarter. LPL Financial LLC increased its position in Agilent Technologies by 99.1% in the first quarter. LPL Financial LLC now owns 38,279 shares of the company’s stock valued at $1,503,000 after buying an additional 19,052 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Agilent Technologies during the first quarter valued at $536,000.

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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