Paradiem LLC acquired a new position in Agilent Technologies, Inc. (NYSE:A – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 29,515 shares of the medical research company’s stock, valued at approximately $3,364,000.
Several other institutional investors have also recently made changes to their positions in A. SHP Wealth Management bought a new stake in Agilent Technologies during the 4th quarter valued at approximately $26,000. Core Wealth Advisors LLC purchased a new stake in Agilent Technologies during the 4th quarter valued at approximately $26,000. Board of the Pension Protection Fund bought a new stake in shares of Agilent Technologies during the fourth quarter valued at approximately $27,000. Navalign LLC purchased a new position in shares of Agilent Technologies in the fourth quarter worth $27,000. Finally, MV Capital Management Inc. purchased a new position in shares of Agilent Technologies in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 87.41% of the company’s stock.
Agilent Technologies Trading Up 0.2%
A stock opened at $134.57 on Monday. The firm has a fifty day moving average price of $125.75 and a 200 day moving average price of $125.68. Agilent Technologies, Inc. has a fifty-two week low of $108.35 and a fifty-two week high of $160.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.62 and a current ratio of 2.10. The firm has a market cap of $38.01 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.
Agilent Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a $0.255 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.8%. Agilent Technologies’s payout ratio is 20.48%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on A shares. TD Cowen raised their target price on shares of Agilent Technologies from $147.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Sanford C. Bernstein began coverage on shares of Agilent Technologies in a research note on Friday, June 26th. They issued an “outperform” rating and a $155.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Agilent Technologies from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. Barclays increased their price objective on shares of Agilent Technologies from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada initiated coverage on Agilent Technologies in a report on Wednesday, May 27th. They issued an “outperform” rating and a $153.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $159.35.
Agilent Technologies 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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