Echo Street Capital Management LLC Has $3,272,000 Stake in Agilent Technologies, Inc. (A)
Echo Street Capital Management LLC reduced its position in shares of Agilent Technologies, Inc. (NYSE:A) by 66.5% during the third quarter, Holdings Channel reports. The firm owned 69,474 shares of the company’s stock after selling 138,011 shares during the period. Echo Street Capital Management LLC’s holdings in Agilent Technologies were worth $3,272,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its position in Agilent Technologies by 264.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 202,094 shares of the company’s stock worth $8,965,000 after buying an additional 146,710 shares in the last quarter. Shell Asset Management Co. boosted its position in Agilent Technologies by 184.8% in the second quarter. Shell Asset Management Co. now owns 48,479 shares of the company’s stock worth $2,151,000 after buying an additional 31,458 shares in the last quarter. Bank of Montreal Can acquired a new position in Agilent Technologies during the second quarter worth approximately $9,054,000. JFS Wealth Advisors LLC boosted its position in Agilent Technologies by 7,555.6% in the second quarter. JFS Wealth Advisors LLC now owns 3,445 shares of the company’s stock worth $153,000 after buying an additional 3,400 shares in the last quarter. Finally, HL Financial Services LLC boosted its position in Agilent Technologies by 53.0% in the second quarter. HL Financial Services LLC now owns 8,663 shares of the company’s stock worth $384,000 after buying an additional 3,000 shares in the last quarter.
Agilent Technologies, Inc. (NYSE:A) traded up 0.361% during trading on Friday, reaching $48.695. The company had a trading volume of 609,350 shares. The stock has a 50 day moving average price of $45.98 and a 200-day moving average price of $46.05. The company has a market capitalization of $15.67 billion, a PE ratio of 34.782 and a beta of 1.28. Agilent Technologies, Inc. has a 52-week low of $34.15 and a 52-week high of $49.48.
Agilent Technologies (NYSE:A) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.07. Agilent Technologies had a net margin of 10.99% and a return on equity of 15.49%. The company earned $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $0.50 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that Agilent Technologies, Inc. will post $2.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Tuesday, January 3rd will be paid a dividend of $0.132 per share. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost from Agilent Technologies’s previous quarterly dividend of $0.12. This represents a $0.53 annualized dividend and a dividend yield of 1.09%. Agilent Technologies’s payout ratio is currently 37.59%.
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A has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Agilent Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, October 5th. Bank of America set a $51.00 price target on Agilent Technologies and gave the stock a “buy” rating in a research note on Friday, October 7th. Leerink Swann assumed coverage on Agilent Technologies in a research note on Thursday, November 10th. They set 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 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. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $50.19.
In other news, 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 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 this link. Also, CFO Didier Hirsch sold 22,256 shares of Agilent Technologies stock in a transaction on Monday, January 9th. The shares were sold at an average price of $48.50, for a total transaction of $1,079,416.00. Following the transaction, the chief financial officer now owns 190,023 shares in the company, valued at approximately $9,216,115.50. The disclosure for this sale can be found here.
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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