Wellington Management Group LLP raised its stake in Agilent Technologies, Inc. (NYSE:A – Free Report) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,454,686 shares of the medical research company’s stock after buying an additional 198,253 shares during the period. Wellington Management Group LLP’s holdings in Agilent Technologies were worth $990,206,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Fiduciary Trust Co lifted its stake in shares of Agilent Technologies by 1.6% in the 3rd quarter. Fiduciary Trust Co now owns 4,931 shares of the medical research company’s stock valued at $633,000 after acquiring an additional 77 shares during the last quarter. Sapient Capital LLC grew its position in Agilent Technologies by 4.2% during the 1st quarter. Sapient Capital LLC now owns 2,105 shares of the medical research company’s stock worth $240,000 after acquiring an additional 85 shares during the last quarter. Plan A Wealth LLC grew its position in Agilent Technologies by 3.2% during the 4th quarter. Plan A Wealth LLC now owns 2,959 shares of the medical research company’s stock worth $403,000 after acquiring an additional 92 shares during the last quarter. UNIVEST FINANCIAL Corp increased its holdings in Agilent Technologies by 1.3% in the 2nd quarter. UNIVEST FINANCIAL Corp now owns 7,145 shares of the medical research company’s stock worth $949,000 after purchasing an additional 93 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in Agilent Technologies by 4.9% in the 4th quarter. IHT Wealth Management LLC now owns 2,041 shares of the medical research company’s stock worth $278,000 after purchasing an additional 96 shares in the last quarter.
Agilent Technologies Price Performance
Shares of A opened at $154.47 on Friday. Agilent Technologies, Inc. has a 1 year low of $108.35 and a 1 year high of $163.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.05 and a quick ratio of 1.62. The company has a market capitalization of $43.63 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25. The business has a 50-day moving average of $140.30 and a 200-day moving average of $127.04.
Agilent Technologies News Summary
Here are the key news stories impacting Agilent Technologies this week:
- Positive Sentiment: Agilent reported fiscal Q3 earnings of $1.62 per share, above the $1.48-$1.49 analyst consensus, while revenue of approximately $1.88 billion also exceeded expectations. EPS increased from $1.37 a year earlier, supporting the view that profitability is improving. Agilent Technologies Q3 Earnings and Revenues Top Estimates
- Positive Sentiment: Management raised its full-year guidance following the strong quarter. Commentary highlighted product momentum, a recovery in China, improving demand and expanding margins, all of which could support additional earnings growth. Agilent Technologies Lifts Outlook After Strong Quarter
- Positive Sentiment: Several major firms raised their price targets and maintained bullish ratings after the results. Targets now range from $175 to $190, with upgrades from JPMorgan, Citi, Barclays, Goldman Sachs, Bank of America, Stifel, TD Cowen, Bernstein and RBC. Analysts Raise Agilent Technologies Price Targets
- Neutral Sentiment: Despite the improved outlook, valuation remains relatively demanding: Agilent trades at roughly 30 times earnings, with a PEG ratio above 2.7. This leaves the stock sensitive to any slowdown in demand or disappointment in future guidance.
Wall Street Analyst Weigh In
A has been the topic of a number of recent research reports. Sanford C. Bernstein lifted their price target on Agilent Technologies from $155.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday. HSBC lowered their price objective on Agilent Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Citigroup lifted their target price on shares of Agilent Technologies from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler assumed coverage on shares of Agilent Technologies in a report on Thursday, June 11th. They set a “neutral” rating and a $150.00 target price on the stock. Finally, Royal Bank Of Canada upped their price target on shares of Agilent Technologies from $155.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $170.33.
Check Out Our Latest Stock Analysis on A
Agilent Technologies Profile
Agilent Technologies is a global provider of scientific instrumentation, consumables, software and services for laboratories across the life sciences, diagnostics and applied chemical markets. The company’s product portfolio includes analytical instruments such as liquid and gas chromatographs, mass spectrometers, spectroscopy systems, and laboratory automation solutions, together with reagents, supplies and informatics tools that support measurement, testing and data analysis workflows. Agilent also offers instrument maintenance, qualification and laboratory services designed to help customers improve productivity and comply with regulatory requirements.
Founded as a corporate spin-off from Hewlett?Packard in 1999, Agilent has evolved through a combination of strategic restructuring and acquisitions to concentrate on life sciences, diagnostics and applied laboratories.
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