7 Takeaways From Agilent's 10Q - Agilent Technologies (NYSE:A)

Agilent Technologies Inc A filed its FY2Q16 Form 10-Q on June 7, 2016. Barclays’ Jack Meehan maintained an Equal-Weight rating for the company, with a price target of $45. Following a review of the 10-Q filing, the analyst enumerated the following observations:

As of April 30, 2016, Agilent had 325,521,700 shares of common stock outstanding, representing a 0.1 percent decline with the FY1Q16 weighted average basic share count and a 2.3 percent y/y decline.

During the quarter, the company bought back about 2.6 million shares for a total of $94 million.

Agilent paid a quarterly dividend of $0.115 per share in FY1Q16 and FY2Q16, up from $0.10 in 2015.

The company provided details of its investment in Lasergen.

Agilent provided an update on its debt obligations.

The company disclosed six recent accounting pronouncements.

The filing was certified by CEO Mike McMullen and CFO Didier Hirsch as of June 6, 2016.

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