Logan Capital Management Inc. Buys 1,556 Shares of Agilent Technologies, Inc. (A)
Logan Capital Management Inc. boosted its stake in shares of Agilent Technologies, Inc. (NYSE:A) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,020 shares of the medical research company’s stock after acquiring an additional 1,556 shares during the quarter. Logan Capital Management Inc.’s holdings in Agilent Technologies were worth $6,822,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its stake in shares of Agilent Technologies by 9.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 882,075 shares of the medical research company’s stock worth $46,635,000 after acquiring an additional 78,851 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Agilent Technologies by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,430 shares of the medical research company’s stock valued at $340,000 after acquiring an additional 205 shares in the last quarter. Clinton Group Inc. purchased a new stake in shares of Agilent Technologies in the first quarter valued at about $253,000. Schroder Investment Management Group boosted its holdings in shares of Agilent Technologies by 39.7% in the first quarter. Schroder Investment Management Group now owns 80,924 shares of the medical research company’s stock valued at $4,314,000 after acquiring an additional 23,015 shares in the last quarter. Finally, Blair William & Co. IL purchased a new stake in shares of Agilent Technologies in the first quarter valued at about $271,000.
In other Agilent Technologies news, CEO Michael R. Mcmullen sold 16,492 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $65.33, for a total value of $1,077,422.36. Following the transaction, the chief executive officer now owns 211,872 shares of the company’s stock, valued at $13,841,597.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Patrick Kaltenbach sold 5,000 shares of the company’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $61.26, for a total value of $306,300.00. Following the completion of the transaction, the insider now directly owns 45,138 shares in the company, valued at approximately $2,765,153.88. The disclosure for this sale can be found here. Insiders have sold 170,720 shares of company stock valued at $10,795,039 in the last ninety days.
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Shares of Agilent Technologies, Inc. (A) traded up 1.13% during trading on Monday, reaching $64.79. 676,953 shares of the company’s stock were exchanged. Agilent Technologies, Inc. has a 52 week low of $42.92 and a 52 week high of $66.45. The company’s 50-day moving average price is $62.75 and its 200 day moving average price is $58.31. The firm has a market capitalization of $20.85 billion, a PE ratio of 33.41 and a beta of 1.30.
Agilent Technologies (NYSE:A) last issued its quarterly earnings results on Tuesday, August 15th. The medical research company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. Agilent Technologies had a return on equity of 16.95% and a net margin of 14.36%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts predict that Agilent Technologies, Inc. will post $2.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Tuesday, October 3rd will be issued a $0.132 dividend. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.53 annualized dividend and a dividend yield of 0.82%. Agilent Technologies’s dividend payout ratio (DPR) is 27.32%.
A has been the topic of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $66.00 price target on shares of Agilent Technologies in a research note on Wednesday, August 9th. BidaskClub cut Agilent Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Barclays PLC reiterated a “buy” rating and issued a $67.00 price objective on shares of Agilent Technologies in a research report on Wednesday, July 19th. Janney Montgomery Scott raised their target price on Agilent Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $66.00 target price on shares of Agilent Technologies in a report on Thursday, June 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Agilent Technologies presently has a consensus rating of “Buy” and an average price target of $64.38.
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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