Retirement Systems of Alabama decreased its position in Agilent Technologies Inc. (NYSE:A) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 500,800 shares of the company’s stock after selling 277 shares during the period. Retirement Systems of Alabama’s holdings in Agilent Technologies were worth $22,215,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of A. BlackRock Institutional Trust Company N.A. increased its stake in shares of Agilent Technologies by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,917,030 shares of the company’s stock worth $355,344,000 after buying an additional 192,431 shares during the last quarter. Primecap Management Co. CA increased its stake in shares of Agilent Technologies by 0.9% in the first quarter. Primecap Management Co. CA now owns 5,172,590 shares of the company’s stock worth $206,128,000 after buying an additional 43,720 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Agilent Technologies by 15.6% in the first quarter. BlackRock Group LTD now owns 3,671,986 shares of the company’s stock worth $146,329,000 after buying an additional 495,342 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of Agilent Technologies by 3.5% in the first quarter. Teachers Advisors Inc. now owns 2,598,521 shares of the company’s stock worth $103,551,000 after buying an additional 88,781 shares during the last quarter. Finally, Impax Asset Management LTD increased its stake in shares of 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 during the last quarter.
Shares of Agilent Technologies Inc. (NYSE:A) traded up 0.28% during mid-day trading on Tuesday, reaching $46.70. The company’s stock had a trading volume of 1,587,143 shares. Agilent Technologies Inc. has a 1-year low of $33.12 and a 1-year high of $48.63. The company’s 50 day moving average price is $46.81 and its 200-day moving average price is $44.31. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 32.39 and a beta of 1.41.
Agilent Technologies (NYSE:A) last released its quarterly earnings data on Wednesday, August 17th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business earned $1.04 billion during 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 business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Analysts predict that Agilent Technologies Inc. will post $1.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, October 4th will be given a dividend of $0.115 per share. The ex-dividend date is Friday, September 30th. This represents a $0.46 annualized dividend and a dividend yield of 0.99%. Agilent Technologies’s dividend payout ratio is currently 31.72%.
A number of equities research analysts have commented on A shares. Zacks Investment Research cut Agilent Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. BTIG Research started coverage on Agilent Technologies in a research note on Friday, July 22nd. They issued a “buy” rating and a $55.00 price target for the company. Evercore ISI increased their price target on Agilent Technologies from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Barclays PLC reiterated a “hold” rating and issued a $45.00 price target on shares of Agilent Technologies in a research note on Wednesday, June 8th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $50.00 price target on shares of Agilent Technologies in a research note on Thursday, August 18th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $48.32.
In related news, VP Rodney Gonsalves sold 8,141 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $47.82, for a total value of $389,302.62. Following the completion of the sale, the vice president now directly owns 16,322 shares of the company’s stock, valued at approximately $780,518.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Boon Hwee Koh sold 5,298 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $47.66, for a total value of $252,502.68. The disclosure for this sale can be found here.
About Agilent Technologies
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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