Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Agilent Technologies Inc. (NYSE:A) by 14.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,036,165 shares of the company’s stock after buying an additional 127,733 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Agilent Technologies were worth $45,964,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Ngam Advisors L.P. boosted its position in shares of Agilent Technologies by 13.9% in the first quarter. Ngam Advisors L.P. now owns 12,602 shares of the company’s stock valued at $502,000 after buying an additional 1,535 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Agilent Technologies by 132.8% in the first quarter. JPMorgan Chase & Co. now owns 759,875 shares of the company’s stock valued at $30,282,000 after buying an additional 433,490 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in Agilent Technologies during the first quarter valued at approximately $486,000. ING Groep NV purchased a new stake in Agilent Technologies during the first quarter valued at approximately $298,000. Finally, Aviva PLC raised its stake in Agilent Technologies by 0.4% in the first quarter. Aviva PLC now owns 332,913 shares of the company’s stock valued at $13,267,000 after buying an additional 1,456 shares during the period.
Shares of Agilent Technologies Inc. (NYSE:A) traded up 0.16% on Monday, reaching $45.15. 1,160,321 shares of the company’s stock traded hands. Agilent Technologies Inc. has a 52-week low of $34.15 and a 52-week high of $48.63. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 31.31 and a beta of 1.35. The firm’s 50-day moving average is $46.39 and its 200-day moving average is $44.91.
Agilent Technologies (NYSE:A) last issued its earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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 was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Analysts anticipate that Agilent Technologies Inc. will post $1.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Tuesday, October 4th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.46 annualized dividend and a dividend yield of 1.02%. Agilent Technologies’s dividend payout ratio is presently 31.72%.
Several equities research analysts have commented on A shares. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $50.00 price objective on shares of Agilent Technologies in a research note on Thursday, August 18th. Zacks Investment Research lowered shares of Agilent Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Leerink Swann reiterated an “outperform” rating and issued a $51.00 price objective on shares of Agilent Technologies in a research note on Thursday, June 30th. Morgan Stanley set a $47.00 price objective on shares of Agilent Technologies and gave the company a “hold” rating in a research note on Thursday, August 18th. Finally, BTIG Research started coverage on shares of Agilent Technologies in a research note on Friday, July 22nd. They issued a “buy” rating and a $55.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently 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 stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $47.66, for a total transaction of $252,502.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Heidi Fields sold 8,072 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $46.99, for a total transaction of $379,303.28. Following the transaction, the director now owns 51,836 shares in the company, valued at approximately $2,435,773.64. 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.