Laffer Investments Maintains Holdings in Agilent Technologies, Inc. (A)

Laffer Investments continued to hold its stake in shares of Agilent Technologies, Inc. (NYSE:A) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,270 shares of the medical research company’s stock at the end of the 2nd quarter. Laffer Investments’ holdings in Agilent Technologies were worth $2,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. raised its position in shares of Agilent Technologies by 0.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,658 shares of the medical research company’s stock worth $276,000 after purchasing an additional 35 shares during the period. Park National Corp OH raised its position in shares of Agilent Technologies by 1.1% during the 2nd quarter. Park National Corp OH now owns 4,077 shares of the medical research company’s stock worth $242,000 after purchasing an additional 43 shares during the period. Trust Co. of Vermont raised its position in shares of Agilent Technologies by 1.8% during the 2nd quarter. Trust Co. of Vermont now owns 2,793 shares of the medical research company’s stock worth $166,000 after purchasing an additional 50 shares during the period. Neuberger Berman Group LLC raised its position in shares of Agilent Technologies by 0.9% during the 1st quarter. Neuberger Berman Group LLC now owns 9,840 shares of the medical research company’s stock worth $520,000 after purchasing an additional 91 shares during the period. Finally, HL Financial Services LLC raised its position in shares of Agilent Technologies by 1.1% during the 2nd quarter. HL Financial Services LLC now owns 8,957 shares of the medical research company’s stock worth $531,000 after purchasing an additional 94 shares during the period.

A number of analysts have recently weighed in on A shares. Deutsche Bank AG increased their price target on Agilent Technologies from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Cowen and Company increased their price target on Agilent Technologies from $53.00 to $62.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 23rd. Jefferies Group LLC increased their price target on Agilent Technologies from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. Robert W. Baird increased their price target on Agilent Technologies from $57.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 24th. Finally, BTIG Research increased their price target on Agilent Technologies from $57.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.91.

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In related news, insider Dominique Grau sold 13,007 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $62.00, for a total value of $806,434.00. Following the completion of the transaction, the insider now owns 60,098 shares in the company, valued at approximately $3,726,076. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael R. Mcmullen sold 16,492 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $65.33, for a total transaction of $1,077,422.36. Following the completion of the transaction, the chief executive officer now owns 211,872 shares of the company’s stock, valued at approximately $13,841,597.76. The disclosure for this sale can be found here. Insiders sold a total of 170,720 shares of company stock valued at $10,795,039 in the last 90 days.

Shares of Agilent Technologies, Inc. (NYSE:A) traded up 0.26% during trading on Tuesday, reaching $66.25. The company had a trading volume of 319,760 shares. Agilent Technologies, Inc. has a 12-month low of $42.92 and a 12-month high of $66.45. The company has a market cap of $21.32 billion, a P/E ratio of 34.17 and a beta of 1.30. The firm has a 50-day moving average of $62.57 and a 200-day moving average of $58.21.

Agilent Technologies (NYSE:A) last posted its quarterly earnings data on Tuesday, August 15th. The medical research company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. Agilent Technologies had a net margin of 14.36% and a return on equity of 16.95%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.49 EPS. Agilent Technologies’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Agilent Technologies, Inc. will post $2.32 EPS for the current year.

Agilent Technologies Profile

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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