Teacher Retirement System of Texas reduced its position in Agilent Technologies, Inc. (NYSE:A – Free Report) by 63.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,179 shares of the medical research company’s stock after selling 66,755 shares during the period. Teacher Retirement System of Texas’ holdings in Agilent Technologies were worth $5,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the company. HB Wealth Management LLC increased its position in Agilent Technologies by 8.2% in the fourth quarter. HB Wealth Management LLC now owns 11,853 shares of the medical research company’s stock worth $1,613,000 after buying an additional 896 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Agilent Technologies by 0.4% in the fourth quarter. KLP Kapitalforvaltning AS now owns 104,449 shares of the medical research company’s stock valued at $14,212,000 after purchasing an additional 400 shares in the last quarter. Optas LLC purchased a new position in shares of Agilent Technologies in the fourth quarter valued at $262,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Agilent Technologies by 9.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,735 shares of the medical research company’s stock valued at $29,763,000 after purchasing an additional 18,812 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in shares of Agilent Technologies in the fourth quarter valued at $817,000.
Agilent Technologies Stock Performance
Agilent Technologies stock opened at $115.60 on Monday. The firm’s fifty day moving average price is $117.25 and its 200-day moving average price is $133.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.59 and a current ratio of 2.07. The stock has a market cap of $32.67 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 2.43 and a beta of 1.30. Agilent Technologies, Inc. has a fifty-two week low of $104.10 and a fifty-two week high of $160.27.
Agilent Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.02 annualized dividend and a yield of 0.9%. Agilent Technologies’s payout ratio is 22.52%.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Agilent Technologies in a research report on Monday, December 29th. Morgan Stanley reduced their target price on Agilent Technologies from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Barclays reduced their target price on Agilent Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. HSBC assumed coverage on Agilent Technologies in a research report on Tuesday, January 20th. They set a “buy” rating and a $180.00 target price for the company. Finally, TD Cowen reduced their target price on Agilent Technologies from $170.00 to $157.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $163.71.
Agilent Technologies Company 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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