State Street Corp Has $1.71 Billion Stake in Agilent Technologies, Inc. $A

Key Points

• State Street increased its Agilent Technologies stake by 0.7% in the second quarter, owning 12.85 million shares worth approximately $1.71 billion, or 4.56% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $170.33. Several firms recently raised their targets, including JPMorgan, Morgan Stanley and RBC.
• Agilent exceeded quarterly expectations, reporting $1.62 in earnings per share and $1.88 billion in revenue, while revenue grew 8.1% year over year. The company also declared a quarterly dividend of $0.255 per share, representing a 0.6% yield.

State Street Corp lifted its holdings in Agilent Technologies, Inc. (NYSE:A - Free Report) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,854,230 shares of the medical research company's stock after acquiring an additional 89,598 shares during the period. State Street Corp owned approximately 4.56% of Agilent Technologies worth $1,710,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in A. SHP Wealth Management acquired a new stake in shares of Agilent Technologies in the 4th quarter worth about $26,000. Core Wealth Advisors LLC bought a new position in shares of Agilent Technologies in the fourth quarter valued at approximately $26,000. Markowski Investments purchased a new position in shares of Agilent Technologies during the second quarter valued at approximately $27,000. MV Capital Management Inc. purchased a new stake in Agilent Technologies in the 4th quarter valued at $28,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Agilent Technologies in the first quarter valued at about $27,000.

Insider Buying and Selling

In other Agilent Technologies news, Director Mikael Dolsten sold 634 shares of the company's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $151.38, for a total value of $95,974.92. Following the transaction, the director directly owned 4,924 shares in the company, valued at $745,395.12. This represents a 11.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

A has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Agilent Technologies from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, August 27th. Morgan Stanley lifted their price target on Agilent Technologies from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Royal Bank Of Canada upped their price objective on Agilent Technologies from $155.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Wolfe Research reaffirmed a "hold" rating on shares of Agilent Technologies in a research report on Tuesday, June 2nd. Finally, HSBC lowered their target price on Agilent Technologies from $180.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Agilent Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $170.33.

Agilent Technologies Trading Up 3.4%

NYSE:A opened at $167.50 on Wednesday. The company has a market cap of $47.22 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.47 and a beta of 1.24. Agilent Technologies, Inc. has a 1 year low of $108.35 and a 1 year high of $167.59. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.05 and a quick ratio of 1.56. The stock's fifty day moving average price is $146.99 and its two-hundred day moving average price is $130.37.

Agilent Technologies (NYSE:A - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The medical research company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.13. Agilent Technologies had a return on equity of 24.45% and a net margin of 19.53%.The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The firm's quarterly revenue was up 8.1% on a year-over-year basis. Agilent Technologies has set its Q4 2026 guidance at 1.710-1.740 EPS and its FY 2026 guidance at 6.180-6.210 EPS. As a group, analysts expect that Agilent Technologies, Inc. will post 6.2 EPS for the current year.

Agilent Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Tuesday, October 6th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, October 6th. Agilent Technologies's dividend payout ratio (DPR) is 20.08%.

Agilent Technologies Profile

Agilent Technologies, Inc is a global provider of analytical instruments, laboratory software, consumables and services used by organizations in the life sciences, diagnostics, pharmaceutical, chemical, environmental and food industries. Its solutions help customers analyze the composition and quality of substances, develop and manufacture products, and conduct research and testing.

The company's offerings include liquid and gas chromatography systems, mass spectrometry instruments, spectroscopy and atomic analysis equipment, automated electrophoresis systems, laboratory informatics software, columns and other consumables.

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