Investors Buy Shares of Agilent Technologies Inc. (A) on Weakness Following Insider Selling
Investors purchased shares of Agilent Technologies Inc. (NYSE:A) on weakness during trading hours on Monday after an insider sold shares in the company. $24.57 million flowed into the stock on the tick-up and $13.42 million flowed out of the stock on the tick-down, for a money net flow of $11.15 million into the stock. Of all equities tracked, Agilent Technologies had the 28th highest net in-flow for the day. Agilent Technologies traded down ($0.07) for the day and closed at $44.97Specifically, Director Boon Hwee Koh sold 5,298 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $47.66, for a total value of $252,502.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rodney Gonsalves sold 8,141 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $47.82, for a total value of $389,302.62. Following the completion of the sale, the vice president now directly owns 16,322 shares of the company’s stock, valued at $780,518.04. The disclosure for this sale can be found here.
A number of analysts have issued reports on A shares. Zacks Investment Research raised Agilent Technologies from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Wednesday, October 5th. Bank of America Corp. set a $51.00 target price on Agilent Technologies and gave the stock a “buy” rating in a research report on Friday, October 7th. BTIG Research reissued a “buy” rating on shares of Agilent Technologies in a research report on Wednesday, November 16th. Leerink Swann started coverage on Agilent Technologies in a research report on Thursday, November 10th. They issued an “outperform” rating and a $53.00 target price for the company. Finally, Robert W. Baird raised their target price on Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $49.73.
The stock has a 50 day moving average of $45.40 and a 200 day moving average of $45.77. The stock has a market capitalization of $14.57 billion, a PE ratio of 32.12 and a beta of 1.29.
Agilent Technologies (NYSE:A) last posted its quarterly earnings data on Tuesday, November 15th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm earned $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. Agilent Technologies had a return on equity of 15.50% and a net margin of 10.99%. Agilent Technologies’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. On average, equities research analysts forecast that Agilent Technologies Inc. will post $2.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Tuesday, January 3rd will be given a dividend of $0.132 per share. This is a positive change from Agilent Technologies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.17%. Agilent Technologies’s dividend payout ratio (DPR) is presently 32.62%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cribstone Capital Management LLC purchased a new position in shares of Agilent Technologies during the second quarter worth $102,000. ClariVest Asset Management LLC purchased a new position in shares of Agilent Technologies during the second quarter worth $105,000. CENTRAL TRUST Co raised its position in shares of Agilent Technologies by 1.3% in the second quarter. CENTRAL TRUST Co now owns 2,596 shares of the company’s stock worth $115,000 after buying an additional 34 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Agilent Technologies by 100.0% in the third quarter. Penserra Capital Management LLC now owns 2,736 shares of the company’s stock worth $128,000 after buying an additional 1,368 shares during the last quarter. Finally, Advisor Group Inc. raised its position in shares of Agilent Technologies by 42.7% in the third quarter. Advisor Group Inc. now owns 2,812 shares of the company’s stock worth $130,000 after buying an additional 841 shares during the last quarter.
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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