Bp Plc acquired a new stake in Agilent Technologies Inc. (NYSE:A) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,000 shares of the company’s stock, valued at approximately $1,862,000.
Several other large investors have also added to or reduced their stakes in A. Cribstone Capital Management LLC purchased a new stake in Agilent Technologies during the second quarter worth $102,000. ClariVest Asset Management LLC bought a new position in Agilent Technologies during the second quarter worth approximately $105,000. Trust Department MB Financial Bank N A increased its position 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 period. JFS Wealth Advisors LLC increased its position 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 period. Finally, Cypress Asset Management Inc. TX bought a new position in Agilent Technologies during the second quarter worth approximately $222,000.
Agilent Technologies Inc. (NYSE:A) traded up 0.16% during trading on Monday, reaching $45.15. 1,160,321 shares of the company’s stock traded hands. The company has a market capitalization of $14.65 billion, a price-to-earnings ratio of 31.31 and a beta of 1.35. Agilent Technologies Inc. has a 12 month low of $34.15 and a 12 month high of $48.63. The firm’s 50 day moving average is $46.39 and its 200-day moving average is $44.91.
Agilent Technologies (NYSE:A) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. Agilent Technologies had a net margin of 11.59% and a return on equity of 14.97%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. Analysts expect that Agilent Technologies Inc. will post $1.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 4th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, September 30th. Agilent Technologies’s dividend payout ratio (DPR) is presently 31.72%.
A number of research analysts have commented on the stock. Evercore ISI increased their price objective on shares of Agilent Technologies from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Zacks Investment Research upgraded shares of Agilent Technologies from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, August 22nd. Morgan Stanley set a $47.00 price objective on shares of Agilent Technologies and gave the company a “hold” rating in a research note on Thursday, August 18th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $50.00 price objective on shares of Agilent Technologies in a research note on Thursday, August 18th. Finally, BTIG Research reiterated a “buy” rating and set a $55.00 price objective on shares of Agilent Technologies in a research note on Thursday, August 18th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.58.
In other news, Director Boon Hwee Koh sold 5,298 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $47.66, for a total value of $252,502.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James Cullen sold 13,574 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $47.52, for a total transaction of $645,036.48. 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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