Agilent Technologies Inc (NYSE:A) declared a quarterly dividend on Wednesday, November 15th, RTT News reports. Shareholders of record on Tuesday, January 2nd will be given a dividend of 0.149 per share by the medical research company on Wednesday, January 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from Agilent Technologies’s previous quarterly dividend of $0.13.
Agilent Technologies has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Agilent Technologies to earn $2.86 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 21.0%.
Agilent Technologies (A) opened at $67.30 on Thursday. The firm has a market capitalization of $21,660.00, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28. Agilent Technologies has a 52 week low of $45.38 and a 52 week high of $70.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.85 and a current ratio of 3.30.
Agilent Technologies (NYSE:A) last announced its quarterly earnings results on Monday, November 20th. The medical research company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Agilent Technologies had a return on equity of 16.96% and a net margin of 15.30%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business earned $0.59 EPS. Agilent Technologies’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts expect that Agilent Technologies will post 2.58 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on A shares. Zacks Investment Research upgraded Agilent Technologies from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and issued a $70.00 price target on shares of Agilent Technologies in a research note on Friday, October 20th. Cowen restated a “hold” rating and issued a $70.00 price target on shares of Agilent Technologies in a research note on Wednesday, November 22nd. Deutsche Bank set a $75.00 price target on Agilent Technologies and gave the company a “buy” rating in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. lifted their price target on Agilent Technologies to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $68.34.
In other news, VP Mark Doak sold 4,154 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $67.00, for a total transaction of $278,318.00. Following the transaction, the vice president now directly owns 68,270 shares in the company, valued at approximately $4,574,090. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jacob Thaysen sold 22,583 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $70.41, for a total value of $1,590,069.03. Following the transaction, the senior vice president now owns 63,042 shares in the company, valued at $4,438,787.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,588 shares of company stock valued at $9,186,710.
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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.
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