SVB Wealth LLC reduced its stake in shares of Agilent Technologies, Inc. (NYSE:A – Free Report) by 46.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,246 shares of the medical research company’s stock after selling 5,511 shares during the period. SVB Wealth LLC’s holdings in Agilent Technologies were worth $712,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Core Wealth Advisors LLC acquired a new position in shares of Agilent Technologies in the 4th quarter valued at about $26,000. SHP Wealth Management acquired a new stake in Agilent Technologies during the fourth quarter worth about $26,000. Board of the Pension Protection Fund acquired a new stake in Agilent Technologies during the fourth quarter worth about $27,000. Navalign LLC purchased a new position in Agilent Technologies during the fourth quarter valued at approximately $27,000. Finally, MV Capital Management Inc. purchased a new position in Agilent Technologies during the fourth quarter valued at approximately $28,000.
Agilent Technologies Trading Up 0.4%
Shares of A stock opened at $126.95 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.10 and a quick ratio of 1.62. The company has a market cap of $35.85 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.25 and a beta of 1.26. The stock has a 50 day simple moving average of $121.94 and a 200-day simple moving average of $126.44. Agilent Technologies, Inc. has a 1-year low of $108.35 and a 1-year high of $160.27.
Agilent Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given a $0.255 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.02 annualized dividend and a dividend yield of 0.8%. Agilent Technologies’s dividend payout ratio (DPR) is 20.48%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on A shares. HSBC lowered their price objective on Agilent Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. TD Cowen boosted their target price on shares of Agilent Technologies from $147.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Morgan Stanley lowered their price target on shares of Agilent Technologies from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings upgraded shares of Agilent Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Finally, Wolfe Research reaffirmed a “hold” rating on shares of Agilent Technologies in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.93.
Agilent Technologies Profile
Agilent Technologies is a global provider of scientific instrumentation, consumables, software and services for laboratories across the life sciences, diagnostics and applied chemical markets. The company’s product portfolio includes analytical instruments such as liquid and gas chromatographs, mass spectrometers, spectroscopy systems, and laboratory automation solutions, together with reagents, supplies and informatics tools that support measurement, testing and data analysis workflows. Agilent also offers instrument maintenance, qualification and laboratory services designed to help customers improve productivity and comply with regulatory requirements.
Founded as a corporate spin-off from Hewlett‑Packard in 1999, Agilent has evolved through a combination of strategic restructuring and acquisitions to concentrate on life sciences, diagnostics and applied laboratories.
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