Genesee Valley Trust Co. increased its stake in Agilent Technologies Inc. (NYSE:A) by 24.0% during the second quarter, Holdings Channel reports. The fund owned 7,199 shares of the company’s stock after buying an additional 1,395 shares during the period. Genesee Valley Trust Co.’s holdings in Agilent Technologies were worth $319,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Cribstone Capital Management LLC acquired a new position in shares of Agilent Technologies during the second quarter worth approximately $102,000. Trust Department MB Financial Bank N A increased its position in shares of 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 in the last quarter. JFS Wealth Advisors LLC increased its position in shares of 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 in the last quarter. Brick & Kyle Associates increased its position in shares of Agilent Technologies by 14.7% in the first quarter. Brick & Kyle Associates now owns 3,900 shares of the company’s stock worth $155,000 after buying an additional 500 shares in the last quarter. Finally, Cypress Asset Management Inc. TX acquired a new position in shares of Agilent Technologies during the second quarter worth approximately $222,000.
Shares of Agilent Technologies Inc. (NYSE:A) traded up 1.37% during mid-day trading on Thursday, hitting $46.67. The stock had a trading volume of 1,307,074 shares. The firm has a 50 day moving average of $46.85 and a 200 day moving average of $44.10. Agilent Technologies Inc. has a one year low of $33.12 and a one year high of $48.63. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 32.36 and a beta of 1.41.
Agilent Technologies (NYSE:A) last posted its earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Agilent Technologies had a return on equity of 14.97% and a net margin of 11.59%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that Agilent Technologies Inc. will post $1.91 earnings per share for the current 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 issued a dividend of $0.115 per share. The ex-dividend date is Friday, September 30th. This represents a $0.46 annualized dividend and a yield of 0.99%. Agilent Technologies’s dividend payout ratio (DPR) is currently 31.72%.
A has been the subject of a number of analyst reports. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $50.00 price target on shares of Agilent Technologies in a report on Thursday, August 18th. Evercore ISI increased their price target on Agilent Technologies from $50.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, August 18th. BTIG Research reissued a “buy” rating and issued a $55.00 price target on shares of Agilent Technologies in a report on Thursday, August 18th. Leerink Swann reissued a “buy” rating on shares of Agilent Technologies in a report on Thursday, May 26th. Finally, Zacks Investment Research raised Agilent Technologies from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday, August 22nd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $48.32.
In other news, VP Rodney Gonsalves sold 8,141 shares of the firm’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 sale, the vice president now directly owns 16,322 shares of the company’s stock, valued at $780,518.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Boon Hwee Koh sold 5,298 shares of the firm’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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