Quantitative Investment Management LLC lowered its position in Agilent Technologies, Inc. (NYSE:A) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,100 shares of the company’s stock after selling 5,500 shares during the period. Quantitative Investment Management LLC’s holdings in Agilent Technologies were worth $5,184,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. raised its position in shares of Agilent Technologies by 38.8% in the third quarter. Stratos Wealth Partners LTD. now owns 14,377 shares of the company’s stock worth $677,000 after buying an additional 4,021 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Agilent Technologies by 0.8% in the third quarter. Mutual of America Capital Management LLC now owns 56,556 shares of the company’s stock worth $2,663,000 after buying an additional 467 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Agilent Technologies by 15.8% in the third quarter. Nordea Investment Management AB now owns 101,698 shares of the company’s stock worth $4,789,000 after buying an additional 13,873 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Agilent Technologies by 3.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 259,055 shares of the company’s stock worth $12,199,000 after buying an additional 8,080 shares during the last quarter. Finally, Huntington National Bank raised its position in shares of Agilent Technologies by 902.0% in the third quarter. Huntington National Bank now owns 10,190 shares of the company’s stock worth $480,000 after buying an additional 9,173 shares during the last quarter.
Shares of Agilent Technologies, Inc. (NYSE:A) opened at 48.65 on Friday. Agilent Technologies, Inc. has a one year low of $34.15 and a one year high of $49.48. The stock’s 50 day moving average price is $47.07 and its 200 day moving average price is $46.33. The company has a market cap of $15.65 billion, a PE ratio of 34.75 and a beta of 1.28.
Agilent Technologies (NYSE:A) last issued its earnings results on Tuesday, November 15th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.07. Agilent Technologies had a return on equity of 15.49% and a net margin of 10.99%. The company earned $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts predict that Agilent Technologies, Inc. will post $2.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 25th. Stockholders of record on Tuesday, January 3rd were paid a dividend of $0.132 per share. This is an increase from Agilent Technologies’s previous quarterly dividend of $0.12. This represents a $0.53 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Thursday, December 29th. Agilent Technologies’s payout ratio is currently 37.59%.
A number of research analysts recently commented on A shares. Zacks Investment Research upgraded Agilent Technologies from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday, October 5th. Bank of America Corporation set a $51.00 target price on Agilent Technologies and gave the company a “buy” rating in a research note on Friday, October 7th. Leerink Swann started coverage on Agilent Technologies in a research note on Thursday, November 10th. They issued an “outperform” rating and a $53.00 target price for the company. BTIG Research restated a “buy” rating on shares of Agilent Technologies in a research note on Wednesday, November 16th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of Agilent Technologies in a research note on Friday, December 23rd. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $51.35.
In related news, Director Paul N. Clark sold 4,704 shares of the business’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $45.31, for a total value of $213,138.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Doak sold 3,969 shares of the business’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $46.00, for a total value of $182,574.00. Following the completion of the sale, the insider now owns 54,626 shares of the company’s stock, valued at $2,512,796. The disclosure for this sale can be found here. Insiders have sold a total of 30,929 shares of company stock valued at $1,475,128 over the last quarter.
About Agilent Technologies
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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