Pacific Heights Asset Management LLC decreased its position in Agilent Technologies Inc. (NYSE:A) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,000 shares of the company’s stock after selling 1,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in Agilent Technologies were worth $5,944,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new stake in Agilent Technologies during the first quarter worth approximately $1,980,000. NN Investment Partners Holdings N.V. purchased a new stake in Agilent Technologies during the first quarter worth approximately $486,000. JPMorgan Chase & Co. increased its stake in Agilent Technologies by 132.8% in the first quarter. JPMorgan Chase & Co. now owns 759,875 shares of the company’s stock worth $30,282,000 after buying an additional 433,490 shares in the last quarter. Sentry Investment Management LLC increased its stake in Agilent Technologies by 3.4% in the first quarter. Sentry Investment Management LLC now owns 25,787 shares of the company’s stock worth $1,028,000 after buying an additional 848 shares in the last quarter. Finally, Impax Asset Management LTD increased its stake in Agilent Technologies by 17.3% in the first quarter. Impax Asset Management LTD now owns 1,654,828 shares of the company’s stock worth $65,945,000 after buying an additional 244,205 shares in the last quarter.
Agilent Technologies Inc. (NYSE:A) traded down 0.66% during mid-day trading on Tuesday, hitting $46.83. The stock had a trading volume of 1,763,985 shares. The company has a market capitalization of $15.19 billion, a P/E ratio of 32.48 and a beta of 1.35. Agilent Technologies Inc. has a 52 week low of $34.15 and a 52 week high of $48.63. The stock’s 50-day moving average is $46.70 and its 200 day moving average is $44.58.
Agilent Technologies (NYSE:A) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. Equities analysts forecast that Agilent Technologies Inc. will post $1.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders 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 dividend yield of 0.98%. The ex-dividend date is Friday, September 30th. Agilent Technologies’s dividend payout ratio (DPR) is currently 31.72%.
A number of equities research analysts have recently issued reports on A shares. Cowen and Company boosted their target price on Agilent Technologies from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. BTIG Research reaffirmed a “buy” rating and set a $55.00 target price on shares of Agilent Technologies in a research report on Thursday, August 18th. Evercore ISI boosted their target price on Agilent Technologies from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. Robert W. Baird boosted their target price on Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Finally, Morgan Stanley set a $47.00 target price on Agilent Technologies and gave the stock a “hold” rating in a research report on Thursday, August 18th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $48.32.
In related news, Director James Cullen sold 13,574 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $47.52, for a total transaction of $645,036.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Patrick Kaltenbach sold 2,000 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $47.30, for a total value of $94,600.00. Following the sale, the insider now directly owns 22,463 shares in the company, valued at approximately $1,062,499.90. 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.
Want to see what other hedge funds are holding A? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agilent Technologies Inc. (NYSE:A).
Receive News & Ratings for Agilent Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilent Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.