Agilent Technologies, Inc. (NYSE:A – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.255 per share by the medical research company on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th.
Agilent Technologies has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 9 years. Agilent Technologies has a dividend payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Agilent Technologies to earn $6.55 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 15.6%.
Agilent Technologies Stock Up 0.9%
Shares of NYSE A opened at $114.77 on Friday. Agilent Technologies has a 1 year low of $107.07 and a 1 year high of $160.27. The firm’s 50 day moving average price is $114.77 and its 200 day moving average price is $129.66. The firm has a market cap of $32.43 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 2.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.59 and a current ratio of 2.07.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on A shares. TD Cowen decreased their target price on shares of Agilent Technologies from $170.00 to $157.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Morgan Stanley decreased their target price on shares of Agilent Technologies from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Wells Fargo & Company decreased their price target on shares of Agilent Technologies from $175.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Barclays decreased their price target on shares of Agilent Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Finally, Wall Street Zen lowered shares of Agilent Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Agilent Technologies presently has an average rating of “Buy” and an average price target of $163.71.
Check Out Our Latest Stock Analysis on A
Agilent Technologies Company Profile
Agilent Technologies is a global provider of scientific instrumentation, consumables, software and services for laboratories across the life sciences, diagnostics and applied chemical markets. The company’s product portfolio includes analytical instruments such as liquid and gas chromatographs, mass spectrometers, spectroscopy systems, and laboratory automation solutions, together with reagents, supplies and informatics tools that support measurement, testing and data analysis workflows. Agilent also offers instrument maintenance, qualification and laboratory services designed to help customers improve productivity and comply with regulatory requirements.
Founded as a corporate spin-off from Hewlett‑Packard in 1999, Agilent has evolved through a combination of strategic restructuring and acquisitions to concentrate on life sciences, diagnostics and applied laboratories.
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