Agilent Technologies Inc (NYSE:A) declared a quarterly dividend on Wednesday, May 22nd, RTT News reports. Shareholders of record on Tuesday, July 2nd will be paid a dividend of 0.164 per share by the medical research company on Wednesday, July 24th. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Monday, July 1st.
Agilent Technologies has increased its dividend payment by an average of 14.2% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Agilent Technologies has a dividend payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Agilent Technologies to earn $3.39 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 19.5%.
A traded down $0.33 during midday trading on Friday, reaching $69.97. 1,602,711 shares of the company’s stock were exchanged, compared to its average volume of 2,224,601. The stock has a market cap of $22.12 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 1.96 and a beta of 1.40. The company has a quick ratio of 2.82, a current ratio of 3.41 and a debt-to-equity ratio of 0.35. Agilent Technologies has a one year low of $60.42 and a one year high of $82.27.
Agilent Technologies (NYSE:A) last posted its quarterly earnings data on Tuesday, May 14th. The medical research company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.01). The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.27 billion. Agilent Technologies had a return on equity of 19.71% and a net margin of 22.25%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. Equities research analysts expect that Agilent Technologies will post 3.05 EPS for the current fiscal year.
In other news, Director Paul N. Clark sold 2,823 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $80.31, for a total transaction of $226,715.13. Following the completion of the sale, the director now owns 88,857 shares of the company’s stock, valued at approximately $7,136,105.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael Tang sold 6,728 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $80.50, for a total transaction of $541,604.00. The disclosure for this sale can be found here.
A has been the subject of a number of research reports. UBS Group initiated coverage on shares of Agilent Technologies in a report on Friday, March 15th. They issued a “buy” rating and a $92.00 price target for the company. Cowen lifted their price target on shares of Agilent Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. lifted their price target on shares of Agilent Technologies to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $88.00 price target (up from $77.00) on shares of Agilent Technologies in a research report on Monday, February 25th. Finally, Barclays lifted their price target on shares of Agilent Technologies from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, February 21st. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $86.31.
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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.
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