Agilent Technologies, Inc. Announces Quarterly Dividend of $0.21 (NYSE:A)

Agilent Technologies, Inc. (NYSE:AGet Rating) announced a quarterly dividend on Thursday, September 22nd, Wall Street Journal reports. Investors of record on Tuesday, October 4th will be given a dividend of 0.21 per share by the medical research company on Wednesday, October 26th. This represents a $0.84 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Monday, October 3rd.

Agilent Technologies has increased its dividend payment by an average of 9.0% annually over the last three years and has raised its dividend every year for the last 10 years. Agilent Technologies has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Agilent Technologies to earn $5.47 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 15.4%.

Agilent Technologies Price Performance

NYSE A opened at $124.39 on Friday. The stock has a market cap of $36.82 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.49 and a beta of 1.06. Agilent Technologies has a 52-week low of $112.52 and a 52-week high of $174.35. The business has a 50 day simple moving average of $130.58 and a 200 day simple moving average of $126.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.41 and a current ratio of 1.94.

Agilent Technologies (NYSE:AGet Rating) last issued its quarterly earnings results on Tuesday, August 16th. The medical research company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.14. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Agilent Technologies had a net margin of 19.94% and a return on equity of 28.46%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. Analysts anticipate that Agilent Technologies will post 5.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A has been the subject of several recent analyst reports. Citigroup increased their price objective on Agilent Technologies from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. KeyCorp cut their price target on Agilent Technologies from $195.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, June 2nd. Robert W. Baird lifted their target price on Agilent Technologies from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. Wells Fargo & Company lifted their target price on Agilent Technologies from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 17th. Finally, Cowen lifted their target price on Agilent Technologies to $160.00 in a report on Monday, August 22nd. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Agilent Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $151.31.

Insider Buying and Selling at Agilent Technologies

In other Agilent Technologies news, VP Padraig Mcdonnell sold 2,506 shares of Agilent Technologies stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $134.33, for a total value of $336,630.98. Following the transaction, the vice president now owns 15,320 shares in the company, valued at $2,057,935.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Agilent Technologies

A number of hedge funds have recently made changes to their positions in A. Synovus Financial Corp lifted its stake in shares of Agilent Technologies by 2.3% in the first quarter. Synovus Financial Corp now owns 6,751 shares of the medical research company’s stock worth $895,000 after acquiring an additional 153 shares during the period. Brinker Capital Investments LLC lifted its stake in Agilent Technologies by 2.2% in the first quarter. Brinker Capital Investments LLC now owns 10,216 shares of the medical research company’s stock valued at $1,352,000 after buying an additional 218 shares during the period. Geller Advisors LLC lifted its stake in Agilent Technologies by 18.5% in the first quarter. Geller Advisors LLC now owns 1,602 shares of the medical research company’s stock valued at $212,000 after buying an additional 250 shares during the period. Zions Bancorporation N.A. lifted its stake in Agilent Technologies by 10.8% in the first quarter. Zions Bancorporation N.A. now owns 2,880 shares of the medical research company’s stock valued at $381,000 after buying an additional 281 shares during the period. Finally, Mather Group LLC. lifted its stake in Agilent Technologies by 13.5% in the first quarter. Mather Group LLC. now owns 2,487 shares of the medical research company’s stock valued at $329,000 after buying an additional 296 shares during the period.

Agilent Technologies Company Profile

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Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. 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; cell imaging systems; microplate reader; laboratory software; information management and analytics; laboratory automation and robotic systems; dissolution testing; vacuum pumps, and measurement technologies.

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Dividend History for Agilent Technologies (NYSE:A)

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