Legal & General Group Plc lowered its position in shares of Agilent Technologies, Inc. (NYSE:A – Free Report) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,141,141 shares of the medical research company’s stock after selling 48,498 shares during the quarter. Legal & General Group Plc’s holdings in Agilent Technologies were worth $291,345,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in A. Bridgefront Capital LLC bought a new stake in shares of Agilent Technologies in the 3rd quarter valued at about $1,323,000. Wellington Management Group LLP lifted its stake in shares of Agilent Technologies by 4.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,380,521 shares of the medical research company’s stock valued at $1,203,990,000 after acquiring an additional 433,342 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Agilent Technologies by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 607,914 shares of the medical research company’s stock valued at $78,026,000 after acquiring an additional 22,498 shares during the last quarter. Generation Investment Management LLP lifted its stake in shares of Agilent Technologies by 10.1% in the 3rd quarter. Generation Investment Management LLP now owns 6,357,953 shares of the medical research company’s stock valued at $816,043,000 after acquiring an additional 582,093 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in shares of Agilent Technologies by 33.3% in the 3rd quarter. Champlain Investment Partners LLC now owns 895,770 shares of the medical research company’s stock valued at $114,972,000 after acquiring an additional 223,750 shares during the last quarter. Institutional investors own 87.41% of the company’s stock.
Analyst Upgrades and Downgrades
A has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Agilent Technologies from $155.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen lowered their target price on Agilent Technologies from $170.00 to $157.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Morgan Stanley lowered their target price on Agilent Technologies from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Wells Fargo & Company lowered their target price on Agilent Technologies from $175.00 to $165.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, UBS Group lowered their target price on Agilent Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $163.07.
Agilent Technologies Trading Up 0.3%
A opened at $115.30 on Wednesday. The business has a 50 day simple moving average of $114.91 and a two-hundred day simple moving average of $129.01. The firm has a market capitalization of $32.58 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.42 and a beta of 1.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.07 and a quick ratio of 1.59. Agilent Technologies, Inc. has a one year low of $108.35 and a one year high of $160.27.
Agilent Technologies (NYSE:A – Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The medical research company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.81 billion. Agilent Technologies had a net margin of 18.26% and a return on equity of 24.49%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 EPS. Analysts predict that Agilent Technologies, Inc. will post 5.95 EPS for the current year.
Agilent Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. Agilent Technologies’s dividend payout ratio is presently 22.52%.
Agilent Technologies Company 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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