Agilent Technologies Inc (NYSE:A) declared a quarterly dividend on Wednesday, March 15th. Shareholders of record on Tuesday, April 4th will be paid a dividend of 0.132 per share by the medical research company on Wednesday, April 26th. This represents a $0.53 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, March 31st.
Agilent Technologies has a payout ratio of 24.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Agilent Technologies to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.53 annual dividend with an expected future payout ratio of 21.7%.
Agilent Technologies (NYSE:A) traded up 0.26% during trading on Friday, hitting $53.27. The company had a trading volume of 2,189,351 shares. The company’s 50 day moving average price is $52.76 and its 200-day moving average price is $48.42. The company has a market cap of $17.17 billion, a PE ratio of 34.17 and a beta of 1.19. Agilent Technologies has a 12 month low of $40.26 and a 12 month high of $54.82.
Several equities research analysts have recently commented on A shares. Janney Montgomery Scott reiterated a “buy” rating on shares of Agilent Technologies in a research report on Friday, December 23rd. Barclays PLC upgraded shares of Agilent Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $48.00 to $51.00 in a research report on Wednesday, January 4th. Cowen and Company cut shares of Agilent Technologies from an “outperform” rating to a “market perform” rating and set a $51.00 price target for the company. in a research report on Wednesday, January 4th. Deutsche Bank AG started coverage on shares of Agilent Technologies in a research report on Wednesday, January 18th. They set a “buy” rating and a $54.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Agilent Technologies from a “sell” rating to a “hold” rating in a research report on Friday, February 17th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $53.89.
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In other Agilent Technologies news, CFO Didier Hirsch sold 22,256 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $49.50, for a total value of $1,101,672.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Rodney Gonsalves sold 8,496 shares of the company’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $52.05, for a total transaction of $442,216.80. The disclosure for this sale can be found here. Insiders have sold 84,644 shares of company stock worth $4,306,465 over the last ninety days.
Agilent Technologies Company Profile
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.
