Fruth Investment Management Trims Holdings in Agilent Technologies Inc (NYSE:A)

Fruth Investment Management trimmed its position in Agilent Technologies Inc (NYSE:A) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,351 shares of the medical research company’s stock after selling 188 shares during the quarter. Agilent Technologies comprises approximately 1.4% of Fruth Investment Management’s holdings, making the stock its 16th biggest position. Fruth Investment Management’s holdings in Agilent Technologies were worth $3,398,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its holdings in Agilent Technologies by 139.0% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 349 shares of the medical research company’s stock valued at $26,000 after buying an additional 203 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Agilent Technologies in the second quarter valued at $26,000. Liberty Wealth Management LLC purchased a new position in shares of Agilent Technologies in the second quarter valued at $29,000. WealthStone Inc. purchased a new position in shares of Agilent Technologies in the second quarter valued at $31,000. Finally, Coastal Capital Group Inc. purchased a new position in shares of Agilent Technologies in the second quarter valued at $32,000.

In related news, Director Heidi Fields sold 4,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.96, for a total value of $283,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael R. Mcmullen sold 24,635 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $77.50, for a total value of $1,909,212.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,635 shares of company stock valued at $2,507,293.

A number of research firms recently weighed in on A. Bank of America lowered shares of Agilent Technologies from a “buy” rating to a “neutral” rating and set a $76.00 target price for the company. in a report on Tuesday, July 16th. Zacks Investment Research lowered shares of Agilent Technologies from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a report on Monday, August 19th. ValuEngine lowered shares of Agilent Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Piper Jaffray Companies raised their target price on shares of Agilent Technologies from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, Barclays cut their target price on shares of Agilent Technologies from $78.00 to $76.00 and set an “equal weight” rating for the company in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $84.83.

A traded up $0.99 during trading on Wednesday, reaching $73.48. The company had a trading volume of 126,824 shares, compared to its average volume of 2,338,837. The stock has a market cap of $23.24 billion, a P/E ratio of 26.33, a PEG ratio of 2.09 and a beta of 1.42. The business has a 50 day simple moving average of $74.16 and a 200-day simple moving average of $73.52. Agilent Technologies Inc has a 52 week low of $61.01 and a 52 week high of $82.27. The company has a quick ratio of 1.72, a current ratio of 2.13 and a debt-to-equity ratio of 0.27.

Agilent Technologies (NYSE:A) last issued its quarterly earnings results on Wednesday, August 14th. The medical research company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. Agilent Technologies had a return on equity of 20.00% and a net margin of 21.06%. Agilent Technologies’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. As a group, equities research analysts expect that Agilent Technologies Inc will post 3.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Tuesday, October 1st will be given a $0.164 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. Agilent Technologies’s dividend payout ratio is presently 23.66%.

Agilent Technologies Profile

Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. It operates through three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; raman spectroscopy; cell analysis plate based assays; flow cytometer; real-time cell analyzer; laboratory software and information management and analytics; laboratory automation and robotic systems; dissolution testing; vacuum pumps; and measurement technologies.

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

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