Sound Stewardship LLC bought a new position in Agilent Technologies, Inc. (NYSE:A – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,127 shares of the medical research company’s stock, valued at approximately $420,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in Agilent Technologies by 3.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,589,874 shares of the medical research company’s stock valued at $2,314,784,000 after purchasing an additional 525,214 shares during the last quarter. FMR LLC increased its stake in Agilent Technologies by 62.2% in the third quarter. FMR LLC now owns 1,287,665 shares of the medical research company’s stock valued at $191,193,000 after purchasing an additional 493,947 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new position in shares of Agilent Technologies during the 3rd quarter worth about $49,449,000. Jennison Associates LLC boosted its holdings in shares of Agilent Technologies by 63.3% in the 3rd quarter. Jennison Associates LLC now owns 586,439 shares of the medical research company’s stock valued at $87,075,000 after purchasing an additional 227,431 shares during the last quarter. Finally, Ilex Capital Partners UK LLP acquired a new position in shares of Agilent Technologies in the 3rd quarter valued at about $33,087,000.
Insiders Place Their Bets
In other Agilent Technologies news, CEO Padraig Mcdonnell sold 1,911 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $150.00, for a total transaction of $286,650.00. Following the sale, the chief executive officer now owns 39,652 shares of the company’s stock, valued at approximately $5,947,800. This trade represents a 4.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Agilent Technologies Trading Down 0.5 %
Agilent Technologies (NYSE:A – Get Free Report) last announced its earnings results on Monday, November 25th. The medical research company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. Agilent Technologies had a net margin of 19.80% and a return on equity of 25.43%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company earned $1.38 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. On average, equities research analysts expect that Agilent Technologies, Inc. will post 5.56 EPS for the current fiscal year.
Agilent Technologies Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Tuesday, December 31st were paid a $0.248 dividend. This is a boost from Agilent Technologies’s previous quarterly dividend of $0.24. This represents a $0.99 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, December 31st. Agilent Technologies’s dividend payout ratio (DPR) is presently 22.40%.
Analyst Upgrades and Downgrades
Several research firms recently commented on A. Barclays reduced their price target on Agilent Technologies from $145.00 to $135.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 27th. Bank of America cut their target price on shares of Agilent Technologies from $153.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Wells Fargo & Company dropped their price target on shares of Agilent Technologies from $157.00 to $155.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on Agilent Technologies from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Finally, StockNews.com raised Agilent Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.62.
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About Agilent Technologies
Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The company operates in three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. 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; and vacuum pumps, and measurement technologies.
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