PNC Financial Services Group Inc. Has $13.97 Million Stock Holdings in Agilent Technologies Inc (NYSE:A)

PNC Financial Services Group Inc. increased its position in shares of Agilent Technologies Inc (NYSE:A) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,090 shares of the medical research company’s stock after buying an additional 8,654 shares during the quarter. PNC Financial Services Group Inc. owned 0.06% of Agilent Technologies worth $13,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in A. Norges Bank acquired a new stake in Agilent Technologies during the fourth quarter valued at approximately $261,973,000. Parnassus Investments CA boosted its holdings in Agilent Technologies by 211.7% during the first quarter. Parnassus Investments CA now owns 2,805,671 shares of the medical research company’s stock valued at $200,942,000 after purchasing an additional 1,905,671 shares in the last quarter. Troy Asset Management Ltd acquired a new stake in Agilent Technologies during the fourth quarter valued at approximately $101,748,000. Marshall Wace LLP boosted its holdings in Agilent Technologies by 111,608.8% during the fourth quarter. Marshall Wace LLP now owns 1,015,433 shares of the medical research company’s stock valued at $86,627,000 after purchasing an additional 1,014,524 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Agilent Technologies by 181.9% during the first quarter. First Trust Advisors LP now owns 1,479,846 shares of the medical research company’s stock valued at $105,987,000 after purchasing an additional 954,803 shares in the last quarter.

In other Agilent Technologies news, VP Mark Doak sold 3,494 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.81, for a total transaction of $292,832.14. Following the completion of the sale, the vice president now owns 135,678 shares in the company, valued at approximately $11,371,173.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael R. Mcmullen sold 8,814 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $76.20, for a total transaction of $671,626.80. Following the sale, the chief executive officer now owns 542,848 shares of the company’s stock, valued at approximately $41,365,017.60. The disclosure for this sale can be found here. Insiders have sold a total of 43,929 shares of company stock valued at $3,476,727 in the last quarter.

A number of research analysts have recently issued reports on A shares. Needham & Company LLC cut shares of Agilent Technologies from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research note on Monday, February 24th. Wells Fargo & Co lifted their target price on shares of Agilent Technologies from $82.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday. SVB Leerink lifted their target price on shares of Agilent Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday. Stifel Nicolaus cut their target price on shares of Agilent Technologies from $85.00 to $73.00 and set a “hold” rating for the company in a research note on Thursday, April 2nd. Finally, Zacks Investment Research upgraded shares of Agilent Technologies from a “sell” rating to a “hold” rating and set a $89.00 target price for the company in a research note on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.75.

A stock opened at $84.98 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.27. The company has a 50 day moving average price of $77.33 and a 200 day moving average price of $79.96. Agilent Technologies Inc has a fifty-two week low of $61.13 and a fifty-two week high of $90.64. The stock has a market capitalization of $25.00 billion, a PE ratio of 25.47 and a beta of 1.10.

Agilent Technologies (NYSE:A) last posted its quarterly earnings data on Thursday, May 21st. The medical research company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10. Agilent Technologies had a net margin of 13.04% and a return on equity of 20.75%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $0.71 EPS. Agilent Technologies’s revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Agilent Technologies Inc will post 2.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, June 29th. Agilent Technologies’s payout ratio is 23.15%.

Agilent Technologies Company 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.

Further Reading: Understanding dividend yield and dividend payout ratio

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

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