New Mexico Educational Retirement Board grew its holdings in shares of Agilent Technologies Inc (NYSE:A) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 30,893 shares of the medical research company’s stock after buying an additional 900 shares during the period. New Mexico Educational Retirement Board’s holdings in Agilent Technologies were worth $2,069,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of A. Dupont Capital Management Corp acquired a new position in shares of Agilent Technologies in the third quarter valued at approximately $101,000. Front Row Advisors LLC acquired a new position in shares of Agilent Technologies in the fourth quarter valued at approximately $106,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Agilent Technologies in the third quarter valued at approximately $213,000. Cannell Peter B & Co. Inc. acquired a new position in shares of Agilent Technologies in the third quarter valued at approximately $215,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Agilent Technologies in the third quarter valued at approximately $225,000.
A number of analysts have weighed in on A shares. JPMorgan Chase & Co. increased their target price on shares of Agilent Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird reissued a “buy” rating and set a $76.00 target price on shares of Agilent Technologies in a research report on Thursday, January 18th. Barclays reissued a “buy” rating and set a $74.00 target price on shares of Agilent Technologies in a research report on Monday, January 8th. Evercore ISI started coverage on shares of Agilent Technologies in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $75.00 target price for the company. Finally, ValuEngine downgraded shares of Agilent Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Agilent Technologies has an average rating of “Buy” and an average target price of $70.98.
In other Agilent Technologies news, insider Patrick Kaltenbach sold 7,358 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $69.28, for a total transaction of $509,762.24. Following the transaction, the insider now directly owns 72,862 shares in the company, valued at approximately $5,047,879.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael R. Mcmullen sold 21,850 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $75.00, for a total value of $1,638,750.00. Following the transaction, the chief executive officer now owns 324,687 shares in the company, valued at $24,351,525. The disclosure for this sale can be found here. Insiders have sold a total of 197,510 shares of company stock worth $13,922,776 over the last 90 days.
Agilent Technologies Inc (NYSE:A) opened at $71.97 on Friday. The stock has a market capitalization of $23,225.94, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. Agilent Technologies Inc has a twelve month low of $50.58 and a twelve month high of $75.00. The company has a current ratio of 3.23, a quick ratio of 2.85 and a debt-to-equity ratio of 0.40.
Agilent Technologies (NYSE:A) last posted its quarterly earnings results on Wednesday, February 14th. The medical research company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Agilent Technologies had a return on equity of 17.70% and a net margin of 4.25%. During the same period in the prior year, the business earned $0.53 EPS. sell-side analysts anticipate that Agilent Technologies Inc will post 2.67 earnings per share for the current fiscal year.
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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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