California State Teachers Retirement System Cuts Holdings in Agilent Technologies, Inc. (A)

California State Teachers Retirement System trimmed its position in shares of Agilent Technologies, Inc. (NYSE:A) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 554,533 shares of the medical research company’s stock after selling 49,885 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Agilent Technologies worth $35,601,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of A. Dupont Capital Management Corp bought a new stake in shares of Agilent Technologies in the 3rd quarter worth approximately $101,000. Balentine LLC boosted its position in shares of Agilent Technologies by 2.9% in the 2nd quarter. Balentine LLC now owns 1,794 shares of the medical research company’s stock worth $106,000 after purchasing an additional 50 shares in the last quarter. Sun Life Financial INC boosted its position in shares of Agilent Technologies by 26,144.4% in the 2nd quarter. Sun Life Financial INC now owns 2,362 shares of the medical research company’s stock worth $140,000 after purchasing an additional 2,353 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Agilent Technologies by 92.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,500 shares of the medical research company’s stock worth $148,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Agilent Technologies by 5.3% in the 2nd quarter. Parallel Advisors LLC now owns 2,623 shares of the medical research company’s stock worth $157,000 after purchasing an additional 131 shares in the last quarter.

Shares of Agilent Technologies, Inc. (A) opened at $67.61 on Friday. The firm has a market cap of $21,758.79, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.85 and a current ratio of 3.30. Agilent Technologies, Inc. has a 12 month low of $45.36 and a 12 month high of $70.93.

Agilent Technologies (NYSE:A) last announced its earnings results on Monday, November 20th. The medical research company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Agilent Technologies had a net margin of 15.30% and a return on equity of 16.96%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. equities research analysts predict that Agilent Technologies, Inc. will post 2.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.149 per share. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from Agilent Technologies’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. Agilent Technologies’s payout ratio is currently 25.24%.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Agilent Technologies from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Tuesday, October 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Agilent Technologies in a research report on Friday, October 20th. Cowen reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Agilent Technologies in a research report on Wednesday, November 22nd. Deutsche Bank set a $75.00 price objective on Agilent Technologies and gave the company a “buy” rating in a research report on Tuesday, November 21st. Finally, J P Morgan Chase & Co upped their price objective on Agilent Technologies to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $68.34.

In other news, CEO Michael R. Mcmullen sold 22,481 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $68.77, for a total value of $1,546,018.37. Following the completion of the sale, the chief executive officer now directly owns 336,637 shares in the company, valued at approximately $23,150,526.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark Doak sold 4,154 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $67.00, for a total value of $278,318.00. Following the completion of the sale, the vice president now owns 68,270 shares of the company’s stock, valued at $4,574,090. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,021 shares of company stock valued at $8,128,154.

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About Agilent Technologies

Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.

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

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