Massachusetts Financial Services has recently announced that it has increased stake in Agilent Technologies Inc. (NYSE:A) by 0.35%. After grabbing 11.08 million shares, the institutional investor is now in possession of 39030.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 3.79% having worth around $1.42 billion. Moreover, Wellington Management Co. LLP increased its share by 1.52 million to have a control over 10.26 million shares. And T. Rowe Price Investment Manageme raised its holdings to 0.15 million shares by acquiring 10.12 million shares or 3.46% of the stake.
Agilent Technologies Inc. (A) concluded trading on 12/21/23 at a closing price of $138.94, with 1.68 million shares of worth about $233.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.35% during that period and on Thursday the price saw a gain of about 0.55%. Currently the company’s common shares owned by public are about 292.12M shares, out of which, 291.30M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the A stock and their offered price forecasts bring an average price target of $132.59. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $165.00 and could fall to a lowest price of $100.00. The stock’s current price level is -4.79% below of average price target set by the analysts, while a dip to estimated low would result in loss of -38.94% for the stock. However, touching the estimated high of $165.00 would mean a gain of 15.79% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 59 times over the past 12 months. They bought 213,639 shares in 27 of the transactions. In 32 selling transactions, insiders dumped 121,441 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and T Rowe Price Mid Cap Growth Fund are the top 3 mutual funds which are holding stakes in Agilent Technologies Inc. Vanguard Total Stock Market ETF is currently holding 9.16 million shares of worth totaling $1.17 billion. The company recently came buying 47123.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 38632.0 shares, after which its hold over company’s outstanding shares expand to 2.44%, leaving 7.14 million shares with the mutual fund that have a worth of about $912.15 million. T Rowe Price Mid Cap Growth Fund, after buying 4.98 million shares, have now control over 1.70% of the stake in the company. It holds 53100.0 shares of worth $636.2 million.
Agilent Technologies Inc. (NYSE: A) started trading at $139.38, above $1.2 from concluding price of the previous day. However, the stock later moved at a day high price of 139.67, or with a gain of 0.55%. Stock saw a price change of 0.71% in past 5 days and over the past one month there was a price change of 12.12%. Year-to-date (YTD), A shares are showing a performance of -7.16% which decreased to -6.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $96.80 but also hit the highest price of $159.59 during that period. The average intraday trading volume for Agilent Technologies Inc. shares is 2.08 million. The stock is currently trading 6.56% above its 20-day simple moving average (SMA20), while that difference is up 18.15% for SMA50 and it goes to 13.23% higher than SMA200.
Massachusetts Financial Services acquired 11.08 million shares of Agilent Technologies Inc. having value of about $1.42 billion. Data submitted at the U.S SEC by Massachusetts Financial Services revealed that the firm now holds 39030.0 shares in the company valued at close to $5422828.2, or have control over 0.35% stake in the company. Agilent Technologies Inc. (NYSE: A) currently have 292.12M outstanding shares and institutions hold larger chunk of about 89.68% of that. Holding of mutual funds in the company is about 33.15% while other institutional holders and individual stake holders have control over 57.26% and 1.58% of the stake respectively.
The stock has a current market capitalization of $40.65B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 33.08, while it has posted earnings per share of $4.20 in the same period. Its PEG reads 4.30 and has Quick Ratio of 1.97 while making debt-to-equity ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for A, volatility over the week remained 1.64% while standing at 1.84% over the month.
Analysts are in expectations that Agilent Technologies Inc. (A) stock would likely to be making an EPS of $1.22 in the current quarter, while forecast for next quarter EPS is $1.27 and it is $6.05 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.18 which is $1.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.37 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.55% while it is estimated to increase by 10.67% in next year. EPS is likely to shrink at an annualized rate of 7.70% for next 5-years, compared to annual growth of 33.93% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the Agilent Technologies Inc. (A)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.25. Out of those 20 Wall Street analysts, 8 recommended a “Buy” rating, while 10 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on December 13, 2023 offering an Outperform rating for the stock and assigned a target price of $140 to it.
