Trading Report: The Nippon Life Insurance Co. Sold shares of Agilent Technologies Inc. (A)

The Nippon Life Insurance Co. Sold shares of Agilent Technologies Inc. (A)

Nippon Life Insurance Co. reduced its stake in shares of Agilent Technologies Inc. (NYSE:A) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 31,064 shares of the company’s stock after selling 1,024 shares during the period. Nippon Life Insurance Co.’s holdings in Agilent Technologies were worth $1,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of A. Cardinal Capital Management boosted its position in Agilent Technologies by 0.5% in the second quarter. Cardinal Capital Management now owns 58,938 shares of the company’s stock valued at $2,614,000 after buying an additional 285 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Agilent Technologies by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,837 shares of the company’s stock valued at $1,146,000 after buying an additional 292 shares during the last quarter. Conning Inc. boosted its position in Agilent Technologies by 3.2% in the second quarter. Conning Inc. now owns 9,956 shares of the company’s stock valued at $442,000 after buying an additional 310 shares during the last quarter. FirstMerit Bank N A Trustee boosted its position in Agilent Technologies by 4.7% in the second quarter. FirstMerit Bank N A Trustee now owns 11,133 shares of the company’s stock valued at $494,000 after buying an additional 500 shares during the last quarter. Finally, Logan Capital Management Inc. boosted its position in Agilent Technologies by 0.5% in the first quarter. Logan Capital Management Inc. now owns 138,345 shares of the company’s stock valued at $5,513,000 after buying an additional 705 shares during the last quarter.

Shares of Agilent Technologies Inc. (NYSE:A) traded down 0.37% during midday trading on Friday, reaching $43.22. 1,471,348 shares of the company were exchanged. The company has a market capitalization of $14.02 billion, a P/E ratio of 29.97 and a beta of 1.35. Agilent Technologies Inc. has a 52-week low of $34.15 and a 52-week high of $48.63. The stock has a 50-day moving average price of $45.75 and a 200 day moving average price of $45.26.

Agilent Technologies (NYSE:A) last posted its earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share 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 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% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. Equities research analysts expect that Agilent Technologies Inc. will post $1.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 4th were issued a $0.115 dividend. The ex-dividend date was Friday, September 30th. This represents a $0.46 annualized dividend and a yield of 1.06%. Agilent Technologies’s dividend payout ratio (DPR) is presently 31.72%.

Several equities analysts have recently commented on A shares. Robert W. Baird boosted their price target on shares of Agilent Technologies from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Evercore ISI boosted their price target on shares of Agilent Technologies from $50.00 to $53.00 and gave the company a “buy” rating in a report 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 target on the stock in a report on Monday, August 22nd. BTIG Research restated a “buy” rating and set a $55.00 price target on shares of Agilent Technologies in a report on Thursday, August 18th. Finally, Cowen and Company boosted their price target on shares of Agilent Technologies from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $49.58.

In related news, Director Boon Hwee Koh sold 5,298 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick Kaltenbach sold 2,000 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $47.30, for a total transaction of $94,600.00. Following the completion of the transaction, the insider now directly owns 22,463 shares of the company’s stock, valued at approximately $1,062,499.90. 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.

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