Cardinal Capital Management raised its stake in Agilent Technologies Inc. (NYSE:A) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 58,938 shares of the company’s stock after buying an additional 285 shares during the period. Cardinal Capital Management’s holdings in Agilent Technologies were worth $2,614,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Cribstone Capital Management LLC purchased a new stake in Agilent Technologies during the second quarter worth approximately $102,000. Trust Department MB Financial Bank N A boosted its stake in Agilent Technologies by 3,166.4% in the second quarter. Trust Department MB Financial Bank N A now owns 3,887 shares of the company’s stock worth $150,000 after buying an additional 3,768 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Agilent Technologies by 7,555.6% in the second quarter. JFS Wealth Advisors LLC now owns 3,445 shares of the company’s stock worth $153,000 after buying an additional 3,400 shares during the last quarter. Cypress Asset Management Inc. TX purchased a new stake in Agilent Technologies during the second quarter worth approximately $222,000. Finally, Zions Bancorporation boosted its stake in Agilent Technologies by 1,541.2% in the first quarter. Zions Bancorporation now owns 6,138 shares of the company’s stock worth $245,000 after buying an additional 5,764 shares during the last quarter.
Shares of Agilent Technologies Inc. (NYSE:A) traded up 0.11% during midday trading on Monday, reaching $47.14. 1,539,625 shares of the company were exchanged. The firm’s 50 day moving average is $46.73 and its 200-day moving average is $44.44. Agilent Technologies Inc. has a 52-week low of $34.15 and a 52-week high of $48.63. The company has a market capitalization of $15.29 billion, a PE ratio of 32.69 and a beta of 1.35.
Agilent Technologies (NYSE:A) last posted its earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Agilent Technologies had a return on equity of 14.97% and a net margin of 11.59%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. On average, equities analysts forecast that Agilent Technologies Inc. will post $1.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 4th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, September 30th. Agilent Technologies’s payout ratio is 31.72%.
A number of research firms recently commented on A. Zacks Investment Research raised shares of Agilent Technologies from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, August 22nd. Evercore ISI increased their target price on shares of Agilent Technologies from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, August 18th. Morgan Stanley set a $47.00 target price on shares of Agilent Technologies and gave the company a “hold” rating in a research report on Thursday, August 18th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $50.00 price target on shares of Agilent Technologies in a report on Thursday, August 18th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $55.00 price target on shares of Agilent Technologies in a report on Thursday, August 18th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Agilent Technologies currently has an average rating of “Buy” and an average target price of $48.32.
In related news, insider Patrick Kaltenbach sold 2,000 shares of Agilent Technologies stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $47.00, for a total transaction of $94,000.00. Following the sale, the insider now directly owns 22,463 shares in the company, valued at $1,055,761. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Heidi Fields sold 8,072 shares of Agilent Technologies stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $46.99, for a total transaction of $379,303.28. Following the sale, the director now owns 51,836 shares in the company, valued at $2,435,773.64. The disclosure for this sale can be found here.
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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