Insider Selling: Agilent Technologies Inc (A) Insider Sells $658,748.00 in Stock

Agilent Technologies Inc (NYSE:A) insider Dominique Grau sold 8,902 shares of Agilent Technologies stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $74.00, for a total value of $658,748.00. Following the completion of the transaction, the insider now owns 103,387 shares of the company’s stock, valued at $7,650,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A opened at $71.91 on Friday. The company has a market cap of $23.24 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.04 and a beta of 1.36. The company has a current ratio of 3.29, a quick ratio of 2.74 and a debt-to-equity ratio of 0.39. Agilent Technologies Inc has a twelve month low of $60.42 and a twelve month high of $75.11.

Agilent Technologies (NYSE:A) last released its quarterly earnings results on Monday, November 19th. The medical research company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.07. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Agilent Technologies had a return on equity of 19.84% and a net margin of 6.43%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. As a group, analysts anticipate that Agilent Technologies Inc will post 3.04 earnings per share for the current year.

Agilent Technologies announced that its Board of Directors has approved a stock buyback program on Monday, November 19th that permits the company to buyback $1.75 billion in outstanding shares. This buyback authorization permits the medical research company to buy up to 8.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Monday, December 31st will be issued a dividend of $0.164 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, December 28th. This is a boost from Agilent Technologies’s previous quarterly dividend of $0.15. Agilent Technologies’s payout ratio is 21.51%.

A number of large investors have recently made changes to their positions in A. OppenheimerFunds Inc. raised its holdings in Agilent Technologies by 64.0% during the second quarter. OppenheimerFunds Inc. now owns 7,636,621 shares of the medical research company’s stock worth $472,248,000 after purchasing an additional 2,980,216 shares in the last quarter. Marshall Wace LLP raised its holdings in Agilent Technologies by 170.0% during the third quarter. Marshall Wace LLP now owns 2,649,502 shares of the medical research company’s stock worth $186,896,000 after purchasing an additional 1,668,360 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Agilent Technologies by 1,375.4% during the third quarter. Point72 Asset Management L.P. now owns 1,504,860 shares of the medical research company’s stock worth $106,153,000 after purchasing an additional 1,402,860 shares in the last quarter. American Century Companies Inc. raised its holdings in Agilent Technologies by 30.3% during the second quarter. American Century Companies Inc. now owns 4,585,162 shares of the medical research company’s stock worth $283,546,000 after purchasing an additional 1,065,877 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in Agilent Technologies by 26.9% during the third quarter. Pictet Asset Management Ltd. now owns 2,350,857 shares of the medical research company’s stock worth $165,829,000 after purchasing an additional 498,430 shares in the last quarter.

A has been the subject of a number of research reports. Morgan Stanley lifted their target price on Agilent Technologies from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, October 10th. Goldman Sachs Group restated a “buy” rating and issued a $82.00 target price (up from $77.00) on shares of Agilent Technologies in a research note on Tuesday, September 18th. Cleveland Research downgraded Agilent Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, November 12th. ValuEngine upgraded Agilent Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Finally, Zacks Investment Research downgraded Agilent Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $78.75.

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About Agilent Technologies

Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. It operates in 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; microfluidics based automated electrophoresis products; cell analysis plate based assays; laboratory software and informatics systems; laboratory automation; dissolution testing; vacuum pumps; and measurement technologies.

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Insider Buying and Selling by Quarter for Agilent Technologies (NYSE:A)

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