Fox Run Management L.L.C. increased its stake in shares of Agilent Technologies, Inc. (NYSE:A – Free Report) by 210.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,781 shares of the medical research company’s stock after acquiring an additional 10,015 shares during the quarter. Agilent Technologies comprises 0.3% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 29th biggest position. Fox Run Management L.L.C.’s holdings in Agilent Technologies were worth $2,011,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bridgefront Capital LLC bought a new stake in shares of Agilent Technologies during the 3rd quarter worth about $1,323,000. Wellington Management Group LLP boosted its holdings in Agilent Technologies by 4.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,380,521 shares of the medical research company’s stock valued at $1,203,990,000 after purchasing an additional 433,342 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Agilent Technologies by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 607,914 shares of the medical research company’s stock valued at $78,026,000 after purchasing an additional 22,498 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Agilent Technologies by 4.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 599,581 shares of the medical research company’s stock valued at $82,712,000 after purchasing an additional 24,687 shares during the period. Finally, Generation Investment Management LLP boosted its holdings in Agilent Technologies by 10.1% in the 3rd quarter. Generation Investment Management LLP now owns 6,357,953 shares of the medical research company’s stock valued at $816,043,000 after purchasing an additional 582,093 shares during the period.
Agilent Technologies Stock Performance
Shares of Agilent Technologies stock opened at $132.88 on Tuesday. The company has a 50 day moving average of $118.73 and a 200-day moving average of $128.16. Agilent Technologies, Inc. has a 1-year low of $108.35 and a 1-year high of $160.27. The company has a current ratio of 2.10, a quick ratio of 1.62 and a debt-to-equity ratio of 0.43. The company has a market cap of $37.53 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.
Agilent Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Agilent Technologies’s dividend payout ratio is 20.48%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on A shares. UBS Group cut their price objective on shares of Agilent Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, February 26th. TD Cowen boosted their price objective on shares of Agilent Technologies from $147.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company cut their price objective on shares of Agilent Technologies from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, May 28th. Wall Street Zen raised shares of Agilent Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Wolfe Research reissued a “hold” rating on shares of Agilent Technologies in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.71.
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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