NuWave Investment Management LLC Purchases New Stake in Agilent Technologies Inc (A)

NuWave Investment Management LLC purchased a new position in shares of Agilent Technologies Inc (NYSE:A) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,505 shares of the medical research company’s stock, valued at approximately $436,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in A. Dupont Capital Management Corp acquired a new stake in shares of Agilent Technologies during the third quarter worth about $101,000. Front Row Advisors LLC acquired a new stake in shares of Agilent Technologies during the fourth quarter worth about $106,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Agilent Technologies during the third quarter worth about $213,000. Cannell Peter B & Co. Inc. acquired a new stake in shares of Agilent Technologies during the third quarter worth about $215,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Agilent Technologies during the third quarter worth about $225,000.

Agilent Technologies Inc (NYSE:A) opened at $68.43 on Tuesday. The company has a current ratio of 3.30, a quick ratio of 2.85 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $21,615.61, a PE ratio of 32.59, a P/E/G ratio of 2.02 and a beta of 1.28. Agilent Technologies Inc has a fifty-two week low of $50.09 and a fifty-two week high of $75.00.

Agilent Technologies (NYSE:A) last posted its quarterly earnings data on Monday, November 20th. The medical research company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Agilent Technologies had a return on equity of 16.95% and a net margin of 15.30%. Agilent Technologies’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. analysts anticipate that Agilent Technologies Inc will post 2.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Tuesday, January 2nd were issued a dividend of $0.149 per share. The ex-dividend date of this dividend was Friday, December 29th. This is an increase from Agilent Technologies’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.87%. Agilent Technologies’s dividend payout ratio (DPR) is presently 28.57%.

A number of research firms have recently commented on A. Morgan Stanley reaffirmed an “overweight” rating on shares of Agilent Technologies in a research report on Tuesday, November 14th. Zacks Investment Research lowered Agilent Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine lowered Agilent Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird reaffirmed a “buy” rating and set a $72.00 price target on shares of Agilent Technologies in a research report on Friday, November 24th. Finally, Barclays raised their price target on Agilent Technologies from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 21st. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.25.

In other Agilent Technologies news, VP Mark Doak sold 4,154 shares of the firm’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 value of $278,318.00. Following the completion of the transaction, the vice president now directly owns 68,270 shares in the company, valued at $4,574,090. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Patrick Kaltenbach sold 7,358 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $69.28, for a total value of $509,762.24. Following the completion of the transaction, the insider now owns 72,862 shares of the company’s stock, valued at $5,047,879.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,991 shares of company stock valued at $15,468,795.

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Agilent Technologies 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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Institutional Ownership by Quarter for Agilent Technologies (NYSE:A)

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