Agilent Technologies Inc (NYSE:A) declared a quarterly dividend on Wednesday, March 21st, RTT News reports. Shareholders of record on Tuesday, April 3rd will be given a dividend of 0.149 per share by the medical research company on Wednesday, April 25th. This represents a $0.60 annualized dividend and a yield of 0.86%.
Agilent Technologies has a payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Agilent Technologies to earn $2.98 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.1%.
Agilent Technologies stock opened at $69.40 on Thursday. The company has a quick ratio of 2.78, a current ratio of 3.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $22,524.95, a PE ratio of 27.94, a price-to-earnings-growth ratio of 2.33 and a beta of 1.30. Agilent Technologies has a fifty-two week low of $52.26 and a fifty-two week high of $75.00.
Agilent Technologies (NYSE:A) last posted its earnings results on Wednesday, February 14th. The medical research company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.08. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. Agilent Technologies had a net margin of 4.25% and a return on equity of 17.70%. During the same period in the previous year, the business posted $0.53 EPS. equities research analysts predict that Agilent Technologies will post 2.68 earnings per share for the current fiscal year.
In related news, CEO Michael R. Mcmullen sold 43,703 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $70.00, for a total transaction of $3,059,210.00. Following the sale, the chief executive officer now directly owns 302,837 shares of the company’s stock, valued at approximately $21,198,590. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael R. Mcmullen sold 21,850 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $75.00, for a total transaction of $1,638,750.00. Following the sale, the chief executive officer now directly owns 324,687 shares in the company, valued at $24,351,525. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,103 shares of company stock worth $7,258,967.
A has been the topic of a number of research analyst reports. ValuEngine raised shares of Agilent Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Cowen reissued a “hold” rating and issued a $70.00 price target on shares of Agilent Technologies in a research note on Wednesday, November 22nd. Zacks Investment Research raised shares of Agilent Technologies from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Tuesday, March 13th. JPMorgan Chase & Co. boosted their price target on shares of Agilent Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Robert W. Baird reissued a “buy” rating and issued a $76.00 price target on shares of Agilent Technologies in a research note on Thursday, January 18th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Agilent Technologies presently has an average rating of “Buy” and an average target price of $71.27.
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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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