MAI Capital Management lifted its holdings in shares of Agilent Technologies, Inc. (NYSE:A – Get Rating) by 5.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,800 shares of the medical research company's stock after acquiring an additional 183 shares during the quarter. MAI Capital Management's holdings in Agilent Technologies were worth $451,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bridgewater Associates LP increased its position in Agilent Technologies by 18.6% in the fourth quarter. Bridgewater Associates LP now owns 6,466 shares of the medical research company's stock worth $1,032,000 after buying an additional 1,013 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Agilent Technologies by 24.2% in the fourth quarter. Guggenheim Capital LLC now owns 36,056 shares of the medical research company's stock worth $5,756,000 after acquiring an additional 7,035 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Agilent Technologies by 23.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 165,447 shares of the medical research company's stock worth $26,414,000 after acquiring an additional 31,000 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Agilent Technologies by 22.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 322,594 shares of the medical research company's stock worth $51,502,000 after acquiring an additional 58,311 shares during the period. Finally, Camden Capital LLC bought a new position in shares of Agilent Technologies in the fourth quarter worth $231,000.
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Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Robert W. Baird raised their price target on Agilent Technologies from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Wednesday, August 17th. Credit Suisse Group assumed coverage on Agilent Technologies in a report on Wednesday, August 24th. They issued an "outperform" rating and a $165.00 price target for the company. Evercore ISI raised their price target on Agilent Technologies to $145.00 in a report on Monday, August 22nd. Bank of America raised their price target on Agilent Technologies from $148.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 17th. Finally, UBS Group assumed coverage on Agilent Technologies in a research note on Wednesday, July 20th. They set a "buy" rating and a $139.00 price objective for the company. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Agilent Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $151.31.
Agilent Technologies Trading Down 1.0 %
NYSE A opened at $121.55 on Friday. The stock's 50-day simple moving average is $130.78 and its two-hundred day simple moving average is $126.57. Agilent Technologies, Inc. has a twelve month low of $112.52 and a twelve month high of $165.68. The company has a quick ratio of 1.41, a current ratio of 1.94 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $35.98 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 2.42 and a beta of 1.06.
Agilent Technologies (NYSE:A – Get Rating) last released its quarterly earnings results on Tuesday, August 16th. The medical research company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.14. Agilent Technologies had a return on equity of 28.46% and a net margin of 19.94%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business posted $1.10 earnings per share. The company's revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts forecast that Agilent Technologies, Inc. will post 5.07 EPS for the current fiscal year.
Agilent Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, October 4th will be issued a $0.21 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.84 annualized dividend and a dividend yield of 0.69%. Agilent Technologies's dividend payout ratio is currently 19.13%.
Insider Transactions at Agilent Technologies
In other news, VP Padraig Mcdonnell sold 2,103 shares of Agilent Technologies stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $122.89, for a total value of $258,437.67. Following the transaction, the vice president now owns 13,217 shares in the company, valued at $1,624,237.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
About Agilent Technologies
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Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; raman spectroscopy; cell analysis plate based assays; flow cytometer; real-time cell analyzer; cell imaging systems; microplate reader; laboratory software; information management and analytics; laboratory automation and robotic systems; dissolution testing; vacuum pumps, and measurement technologies.
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