Jacobs Levy Equity Management Inc. increased its stake in shares of Agilent Technologies Inc. (NYSE:A) by 398.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 684,438 shares of the company’s stock after buying an additional 547,057 shares during the period. Jacobs Levy Equity Management Inc. owned 0.21% of Agilent Technologies worth $32,230,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted 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 in the last quarter. Bank of Montreal Can acquired a new stake in shares of Agilent Technologies during the second quarter valued at $9,054,000. HL Financial Services LLC boosted its stake in shares of Agilent Technologies by 53.0% in the second quarter. HL Financial Services LLC now owns 8,663 shares of the company’s stock valued at $384,000 after buying an additional 3,000 shares in the last quarter. Strs Ohio boosted its stake in shares of Agilent Technologies by 64.5% in the second quarter. Strs Ohio now owns 16,499 shares of the company’s stock valued at $731,000 after buying an additional 6,470 shares in the last quarter. Finally, Genesee Valley Trust Co. boosted its stake in shares of Agilent Technologies by 24.0% in the second quarter. Genesee Valley Trust Co. now owns 7,199 shares of the company’s stock valued at $319,000 after buying an additional 1,395 shares in the last quarter.
Shares of Agilent Technologies Inc. (NYSE:A) opened at 48.25 on Thursday. The company has a 50-day moving average of $46.35 and a 200-day moving average of $46.19. Agilent Technologies Inc. has a 1-year low of $34.15 and a 1-year high of $49.48. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 34.46 and a beta of 1.28.
Agilent Technologies (NYSE:A) last issued its earnings results on Tuesday, November 15th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Agilent Technologies had a return on equity of 15.49% and a net margin of 10.99%. The business earned $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Agilent Technologies Inc. will post $2.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Tuesday, January 3rd will be paid a $0.132 dividend. The ex-dividend date is Thursday, December 29th. This is an increase from Agilent Technologies’s previous quarterly dividend of $0.12. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.09%. Agilent Technologies’s dividend payout ratio (DPR) is 37.59%.
Several equities research analysts recently weighed in on A shares. Zacks Investment Research upgraded shares of Agilent Technologies from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, October 5th. Bank of America Corp. set a $51.00 price target on shares of Agilent Technologies and gave the stock a “buy” rating in a research report on Friday, October 7th. Leerink Swann started coverage on shares of Agilent Technologies in a research report on Thursday, November 10th. They issued an “outperform” rating and a $53.00 price target on the stock. BTIG Research restated a “buy” rating on shares of Agilent Technologies in a research report on Wednesday, November 16th. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of Agilent Technologies in a research report on Friday, December 23rd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $51.35.
In related news, insider Mark Doak sold 3,969 shares of the firm’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $46.00, for a total transaction of $182,574.00. Following the completion of the sale, the insider now directly owns 54,626 shares of the company’s stock, valued at approximately $2,512,796. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul N. Clark sold 4,704 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $45.31, for a total value of $213,138.24. 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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