Baird Financial Group Inc. lessened its stake in shares of Agilent Technologies, Inc. (NYSE:A – Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,457 shares of the medical research company’s stock after selling 5,468 shares during the period. Baird Financial Group Inc.’s holdings in Agilent Technologies were worth $6,781,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of A. Stone House Investment Management LLC acquired a new position in shares of Agilent Technologies during the first quarter valued at approximately $30,000. Ransom Advisory Ltd acquired a new stake in shares of Agilent Technologies in the first quarter worth approximately $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of Agilent Technologies during the second quarter worth approximately $33,000. Zions Bancorporation National Association UT acquired a new position in Agilent Technologies in the 1st quarter valued at $38,000. Finally, Ameritas Advisory Services LLC acquired a new position in Agilent Technologies in the 2nd quarter valued at $64,000.
Agilent Technologies Trading Down 2.2%
Shares of Agilent Technologies stock opened at $142.34 on Tuesday. The stock has a 50 day moving average of $145.21 and a 200 day moving average of $128.38. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.52 and a current ratio of 1.96. The firm has a market capitalization of $40.35 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 4.22 and a beta of 1.27. Agilent Technologies, Inc. has a fifty-two week low of $96.43 and a fifty-two week high of $160.27.
Agilent Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Tuesday, January 6th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, January 6th. This is an increase from Agilent Technologies’s previous quarterly dividend of $0.25. Agilent Technologies’s dividend payout ratio is 21.66%.
Insider Activity at Agilent Technologies
In related news, CEO Padraig Mcdonnell sold 911 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $143.24, for a total transaction of $130,491.64. Following the completion of the transaction, the chief executive officer directly owned 32,058 shares of the company’s stock, valued at $4,591,987.92. The trade was a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Rodney Gonsalves sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $154.99, for a total transaction of $464,970.00. Following the sale, the vice president owned 31,846 shares in the company, valued at $4,935,811.54. The trade was a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,401 shares of company stock valued at $2,468,962 in the last quarter.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on A shares. Citigroup lifted their target price on shares of Agilent Technologies from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Evercore ISI raised their price target on shares of Agilent Technologies from $128.00 to $140.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 7th. Barclays upped their price objective on shares of Agilent Technologies from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Bank of America increased their price objective on shares of Agilent Technologies from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Finally, Rothschild Redb raised shares of Agilent Technologies to a “strong-buy” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.08.
Get Our Latest Stock Analysis on Agilent Technologies
About Agilent Technologies
Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The company operates in three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; raman spectroscopy; cell analysis plate based assays; flow cytometer; real-time cell analyzer; cell imaging systems; microplate reader; laboratory software; information management and analytics; laboratory automation and robotic systems; dissolution testing; and vacuum pumps, and measurement technologies.
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