Agilent Technologies Inc Plans Quarterly Dividend of $0.16 (NYSE:A)

Agilent Technologies Inc (NYSE:A) declared a quarterly dividend on Thursday, September 19th, RTT News reports. Stockholders of record on Tuesday, October 1st will be paid a dividend of 0.164 per share by the medical research company on Wednesday, October 23rd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.84%.

Agilent Technologies has raised its dividend payment by an average of 14.2% per year over the last three years and has raised its dividend every year for the last 3 years. Agilent Technologies has a dividend payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Agilent Technologies to earn $3.41 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 19.4%.

Agilent Technologies stock traded up $0.50 during mid-day trading on Thursday, reaching $78.07. 1,710,037 shares of the company were exchanged, compared to its average volume of 2,328,294. The company has a fifty day simple moving average of $71.22 and a 200-day simple moving average of $73.92. Agilent Technologies has a 12 month low of $61.01 and a 12 month high of $82.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.72. The firm has a market cap of $23.88 billion, a PE ratio of 27.98, a PEG ratio of 2.13 and a beta of 1.40.

Agilent Technologies (NYSE:A) last posted its quarterly earnings data on Wednesday, August 14th. The medical research company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.04. Agilent Technologies had a return on equity of 20.00% and a net margin of 21.06%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the company earned $0.67 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Sell-side analysts anticipate that Agilent Technologies will post 3.08 earnings per share for the current year.

In other news, Director Heidi Fields sold 4,000 shares of Agilent Technologies stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.96, for a total value of $283,840.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael R. Mcmullen sold 24,635 shares of Agilent Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $77.50, for a total value of $1,909,212.50. The disclosure for this sale can be found here.

A number of research firms have commented on A. Robert W. Baird restated an “outperform” rating and set a $82.00 price objective (up previously from $79.00) on shares of Agilent Technologies in a research note on Thursday, August 15th. Wolfe Research began coverage on Agilent Technologies in a research note on Thursday, May 30th. They set a “peer perform” rating on the stock. Needham & Company LLC raised their price objective on Agilent Technologies to $92.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. Zacks Investment Research lowered Agilent Technologies from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research note on Monday, August 19th. Finally, Piper Jaffray Companies raised their price objective on Agilent Technologies from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Agilent Technologies currently has a consensus rating of “Buy” and an average price target of $85.00.

About Agilent Technologies

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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Dividend History for Agilent Technologies (NYSE:A)

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