Agilent Technologies Target of Unusually Large Options Trading (A)

Agilent Technologies Inc (NYSE:A) was the recipient of unusually large options trading on Tuesday. Investors acquired 3,802 put options on the company. This is an increase of approximately 2,218% compared to the average volume of 164 put options.

In other news, CEO Michael R. Mcmullen sold 17,491 shares of the company’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 sale, the chief executive officer now directly owns 456,430 shares in the company, valued at $34,232,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark Doak sold 16,421 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $77.95, for a total value of $1,280,016.95. The disclosure for this sale can be found here. Insiders have sold 83,722 shares of company stock worth $6,532,504 in the last ninety days.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc lifted its holdings in Agilent Technologies by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 24,155,483 shares of the medical research company’s stock worth $1,703,929,000 after buying an additional 194,607 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Agilent Technologies by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,234,035 shares of the medical research company’s stock worth $285,139,000 after buying an additional 285,330 shares during the last quarter. Northern Trust Corp lifted its holdings in Agilent Technologies by 2.0% during the 4th quarter. Northern Trust Corp now owns 3,807,998 shares of the medical research company’s stock worth $256,888,000 after buying an additional 75,416 shares during the last quarter. Findlay Park Partners LLP bought a new position in Agilent Technologies during the 4th quarter worth approximately $246,229,000. Finally, Cantillon Capital Management LLC lifted its holdings in shares of Agilent Technologies by 0.7% in the 4th quarter. Cantillon Capital Management LLC now owns 3,557,589 shares of the medical research company’s stock worth $239,994,000 after purchasing an additional 24,411 shares during the last quarter.

A has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on Agilent Technologies in a research report on Wednesday, January 2nd. They set a “buy” rating and a $77.00 target price on the stock. Bank of America reiterated a “buy” rating and set a $87.00 target price (up from $78.00) on shares of Agilent Technologies in a research report on Thursday, February 21st. Alembic Global Advisors downgraded Agilent Technologies to a “hold” rating in a research report on Monday, December 31st. UBS Group initiated coverage on Agilent Technologies in a research report on Friday, March 15th. They set a “buy” rating and a $92.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on Agilent Technologies to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Agilent Technologies has an average rating of “Buy” and an average target price of $87.17.

Shares of NYSE A opened at $77.55 on Wednesday. Agilent Technologies has a fifty-two week low of $60.42 and a fifty-two week high of $82.27. The company has a quick ratio of 2.79, a current ratio of 3.39 and a debt-to-equity ratio of 0.36. The company has a market cap of $25.53 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.23 and a beta of 1.38.

Agilent Technologies (NYSE:A) last issued its quarterly earnings data on Wednesday, February 20th. The medical research company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Agilent Technologies had a return on equity of 19.90% and a net margin of 22.86%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.66 EPS. Agilent Technologies’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts expect that Agilent Technologies will post 3.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.164 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $0.66 dividend on an annualized basis and a yield of 0.85%. Agilent Technologies’s dividend payout ratio (DPR) is presently 23.66%.

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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.

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