Pitcairn Co. reduced its stake in shares of Agilent Technologies Inc. (NYSE:A) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,516 shares of the company’s stock after selling 77 shares during the period. Pitcairn Co.’s holdings in Agilent Technologies were worth $467,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. JFS Wealth Advisors LLC increased its stake 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 valued at $153,000 after buying an additional 3,400 shares during the period. Bank of Montreal Can purchased a new stake in shares of Agilent Technologies during the second quarter valued at about $9,054,000. Shell Asset Management Co. increased its stake in shares of Agilent Technologies by 184.8% in the second quarter. Shell Asset Management Co. now owns 48,479 shares of the company’s stock valued at $2,151,000 after buying an additional 31,458 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Agilent Technologies during the second quarter valued at about $1,164,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Agilent Technologies by 264.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 202,094 shares of the company’s stock valued at $8,965,000 after buying an additional 146,710 shares during the period.
Shares of Agilent Technologies Inc. (NYSE:A) traded down 0.13% during midday trading on Friday, reaching $46.61. The company’s stock had a trading volume of 1,957,032 shares. Agilent Technologies Inc. has a 52-week low of $33.12 and a 52-week high of $48.63. The company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 32.32 and a beta of 1.41. The stock has a 50 day moving average price of $46.84 and a 200-day moving average price of $44.15.
Agilent Technologies (NYSE:A) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ 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 company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. Equities research analysts expect that Agilent Technologies Inc. will post $1.91 EPS for the current 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 given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, September 30th. Agilent Technologies’s dividend payout ratio is currently 31.72%.
Several equities analysts have recently commented on the company. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $53.00 target price on shares of Agilent Technologies in a research note on Wednesday, September 7th. Zacks Investment Research cut Agilent Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Morgan Stanley set a $47.00 target price on Agilent Technologies and gave the company a “hold” rating in a research note on Thursday, August 18th. Robert W. Baird increased their target price on Agilent Technologies from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. Finally, Evercore ISI increased their target price on Agilent Technologies from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $48.32.
In other news, Director Heidi Fields sold 8,072 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $46.99, for a total transaction of $379,303.28. Following the sale, the director now directly owns 51,836 shares in the company, valued at $2,435,773.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Cullen sold 13,574 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $47.52, for a total value of $645,036.48. 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.