Agilent Technologies, Inc. (NYSE:A – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.255 per share by the medical research company on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th.
Agilent Technologies has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 9 consecutive years. Agilent Technologies has a dividend payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Agilent Technologies to earn $6.55 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 15.6%.
Agilent Technologies Stock Up 2.8%
Shares of Agilent Technologies stock opened at $113.64 on Thursday. The stock’s fifty day moving average is $114.79 and its 200-day moving average is $129.89. The firm has a market capitalization of $32.11 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.33 and a beta of 1.22. The company has a quick ratio of 1.59, a current ratio of 2.07 and a debt-to-equity ratio of 0.44. Agilent Technologies has a 12-month low of $107.07 and a 12-month high of $160.27.
Analyst Upgrades and Downgrades
A has been the topic of a number of recent analyst reports. UBS Group cut their target price on Agilent Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Barclays dropped their price target on Agilent Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. TD Cowen dropped their price target on Agilent Technologies from $170.00 to $157.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wells Fargo & Company dropped their price target on Agilent Technologies from $175.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Wall Street Zen lowered Agilent Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $163.71.
Get Our Latest Analysis on Agilent Technologies
Agilent Technologies Company Profile
Agilent Technologies is a global provider of scientific instrumentation, consumables, software and services for laboratories across the life sciences, diagnostics and applied chemical markets. The company’s product portfolio includes analytical instruments such as liquid and gas chromatographs, mass spectrometers, spectroscopy systems, and laboratory automation solutions, together with reagents, supplies and informatics tools that support measurement, testing and data analysis workflows. Agilent also offers instrument maintenance, qualification and laboratory services designed to help customers improve productivity and comply with regulatory requirements.
Founded as a corporate spin-off from Hewlett‑Packard in 1999, Agilent has evolved through a combination of strategic restructuring and acquisitions to concentrate on life sciences, diagnostics and applied laboratories.
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