Agilent Technologies Inc. (NYSE: A) stock jumped 0.73% on Monday to $113.98 against a previous-day closing price of $113.15. With 2.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.95 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $114.50 whereas the lowest price it dropped to was $112.39. The 52-week range on A shows that it touched its highest point at $160.26 and its lowest point at $96.80 during that stretch. It currently has a 1-year price target of $131.47. With its current market cap of 33.35 billion, A has annualized dividend of $0.94 while the current yield stands at 0.82%. Beta for the stock currently stands at 1.04.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of A was up-trending over the past week, with a rise of 6.07%, but this was up by 4.35% over a month. Three-month performance dropped to -3.11% while six-month performance fell -11.71%. The stock lost -21.09% in the past year, while it has lost -23.84% so far this year. A look at the trailing 12-month EPS for A yields 4.20 with Next year EPS estimates of 6.10. For the next quarter, that number is 1.27. This implies an EPS growth rate of 1.93% for this year and 9.99% for next year. EPS is expected to grow by 7.95% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 33.93%.
Float and Shares Shorts:
At present, 292.12 million A shares are outstanding with a float of 291.39 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.98 million, which was 1.70% higher than short shares on Sep 28, 2023. In addition to Mr. Michael R. McMullen as the firm’s CEO, President & Director, Mr. Robert W. McMahon serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 91.48% of A’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.69% of A, in contrast to 33.67% held by mutual funds. Shares owned by individuals account for 1.54%. As the largest shareholder in A with 8.14% of the stake, The Vanguard Group, Inc. holds 23,827,076 shares worth 23,827,076. A second-largest stockholder of A, BlackRock Fund Advisors, holds 16,467,010 shares, controlling over 5.63% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in A, holding 12,629,168 shares or 4.32% stake. With a 3.13% stake in A, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 9,161,028 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.44% of A stock, is the second-largest Mutual Fund holder. It holds 7,137,359 shares valued at 737.79 million. T Rowe Price Mid Cap Growth Fund holds 1.70% of the stake in A, owning 4,978,100 shares worth 514.59 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for A since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With A analysts setting a high price target of $160.00 and a low target of $105.00, the average target price over the next 12 months is $132.35. Based on these targets, A could surge 40.38% to reach the target high and fall by -7.88% to reach the target low. Reaching the average price target will result in a growth of 16.12% from current levels.
Summary of Insider Activity:
Insiders traded A stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 2,206 shares were bought while 3,500 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 203,554 while 266,275 shares were sold.
