Pensionfund Sabic Invests $1.61 Million in Agilent Technologies Inc (A)

Pensionfund Sabic bought a new stake in Agilent Technologies Inc (NYSE:A) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the medical research company’s stock, valued at approximately $1,608,000.

Several other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in Agilent Technologies by 2,121.1% during the fourth quarter. Captrust Financial Advisors now owns 422 shares of the medical research company’s stock worth $29,000 after buying an additional 403 shares in the last quarter. Lake Point Wealth Management acquired a new stake in Agilent Technologies during the fourth quarter worth approximately $30,000. JOYN Advisors Inc. grew its position in Agilent Technologies by 186.6% during the fourth quarter. JOYN Advisors Inc. now owns 470 shares of the medical research company’s stock worth $32,000 after buying an additional 306 shares in the last quarter. We Are One Seven LLC acquired a new stake in Agilent Technologies during the fourth quarter worth approximately $33,000. Finally, Truehand Inc acquired a new stake in Agilent Technologies during the fourth quarter worth approximately $33,000.

A has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Agilent Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Deutsche Bank reaffirmed a “buy” rating and issued a $90.00 target price on shares of Agilent Technologies in a report on Thursday, February 21st. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $90.00 target price (up previously from $80.00) on shares of Agilent Technologies in a report on Thursday, February 21st. Bank of America reaffirmed a “buy” rating and issued a $87.00 target price (up previously from $78.00) on shares of Agilent Technologies in a report on Thursday, February 21st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $82.00 target price (up previously from $77.00) on shares of Agilent Technologies in a report on Wednesday, February 20th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $87.17.

Shares of A opened at $81.62 on Tuesday. Agilent Technologies Inc has a 52 week low of $60.42 and a 52 week high of $82.27. The firm has a market capitalization of $25.90 billion, a PE ratio of 29.25, a PEG ratio of 2.23 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.39 and a quick ratio of 2.79.

Agilent Technologies (NYSE:A) last announced its quarterly earnings results on Wednesday, February 20th. The medical research company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. Agilent Technologies had a return on equity of 19.90% and a net margin of 22.86%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company earned $0.66 EPS. Agilent Technologies’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that Agilent Technologies Inc will post 3.06 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 2nd will be paid a $0.164 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Monday, April 1st. Agilent Technologies’s payout ratio is 23.66%.

In related news, SVP Michael Tang sold 6,728 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $80.50, for a total transaction of $541,604.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael R. Mcmullen sold 17,491 shares of the firm’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $75.00, for a total value of $1,311,825.00. Following the transaction, the chief executive officer now directly owns 456,430 shares of the company’s stock, valued at $34,232,250. The disclosure for this sale can be found here. Insiders sold a total of 83,722 shares of company stock valued at $6,532,504 over the last quarter.

ILLEGAL ACTIVITY WARNING: This story was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://sportsperspectives.com/2019/04/02/pensionfund-sabic-invests-1-61-million-in-agilent-technologies-inc-a.html.

Agilent Technologies Company Profile

Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. It operates through 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; laboratory software and information management and analytics; laboratory automation and robotic systems; dissolution testing; vacuum pumps; and measurement technologies.

Read More: Book Value Of Equity Per Share – BVPS Explained

Institutional Ownership by Quarter for Agilent Technologies (NYSE:A)

Receive News & Ratings for Agilent Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilent Technologies and related companies with MarketBeat.com's FREE daily email newsletter.