Covington Capital Management Sells 235 Shares of Agilent Technologies, Inc. (NYSE:A)

Covington Capital Management lessened its stake in shares of Agilent Technologies, Inc. (NYSE:AGet Rating) by 38.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 381 shares of the medical research company’s stock after selling 235 shares during the period. Covington Capital Management’s holdings in Agilent Technologies were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in A. Norges Bank purchased a new stake in Agilent Technologies in the 4th quarter worth about $455,752,000. BlackRock Inc. raised its position in Agilent Technologies by 6.8% in the 4th quarter. BlackRock Inc. now owns 29,352,219 shares of the medical research company’s stock worth $4,686,082,000 after purchasing an additional 1,879,602 shares during the period. Wellington Management Group LLP raised its position in Agilent Technologies by 18.5% in the 1st quarter. Wellington Management Group LLP now owns 10,826,141 shares of the medical research company’s stock worth $1,432,622,000 after purchasing an additional 1,691,006 shares during the period. Goldman Sachs Group Inc. raised its position in Agilent Technologies by 67.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,336,607 shares of the medical research company’s stock worth $309,203,000 after purchasing an additional 942,651 shares during the period. Finally, Renaissance Technologies LLC raised its position in Agilent Technologies by 196.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,242,600 shares of the medical research company’s stock worth $164,433,000 after purchasing an additional 823,300 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on A shares. KeyCorp reduced their price objective on shares of Agilent Technologies from $195.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, June 2nd. Credit Suisse Group began coverage on shares of Agilent Technologies in a research report on Wednesday, August 24th. They set an “outperform” rating and a $165.00 target price on the stock. Cowen raised their target price on shares of Agilent Technologies to $160.00 in a research report on Monday, August 22nd. Wells Fargo & Company raised their target price on shares of Agilent Technologies from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 17th. Finally, Robert W. Baird raised their target price on shares of Agilent Technologies from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Agilent Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $151.31.

Insider Buying and Selling at Agilent Technologies

In other Agilent Technologies news, VP Padraig Mcdonnell sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $118.62, for a total value of $118,620.00. Following the completion of the sale, the vice president now directly owns 17,826 shares in the company, valued at $2,114,520.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Agilent Technologies Price Performance

NYSE A opened at $130.72 on Tuesday. The company has a market cap of $38.70 billion, a PE ratio of 29.78, a P/E/G ratio of 2.56 and a beta of 1.06. Agilent Technologies, Inc. has a 52-week low of $112.52 and a 52-week high of $174.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.41 and a current ratio of 1.94. The firm’s 50 day moving average price is $129.92 and its 200-day moving average price is $127.04.

Agilent Technologies (NYSE:AGet Rating) last announced its earnings results on Tuesday, August 16th. The medical research company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.14. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.64 billion. Agilent Technologies had a net margin of 19.94% and a return on equity of 28.46%. Agilent Technologies’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. Sell-side analysts forecast that Agilent Technologies, Inc. will post 5.07 EPS for the current fiscal year.

Agilent Technologies Company Profile

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Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. 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; cell imaging systems; microplate reader; laboratory software; information management and analytics; laboratory automation and robotic systems; dissolution testing; vacuum pumps, and measurement technologies.

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

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