Investors Buy Becton Dickinson and Co. (BDX) on Weakness
Investors bought shares of Becton Dickinson and Co. (NYSE:BDX) on weakness during trading on Monday. $42.39 million flowed into the stock on the tick-up and $29.49 million flowed out of the stock on the tick-down, for a money net flow of $12.90 million into the stock. Of all stocks tracked, Becton Dickinson and had the 24th highest net in-flow for the day. Becton Dickinson and traded down ($0.68) for the day and closed at $174.40
Several equities research analysts have recently weighed in on the company. Bank of America Corp. reissued a “buy” rating on shares of Becton Dickinson and in a report on Tuesday, July 12th. Zacks Investment Research downgraded Becton Dickinson and from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Argus reaffirmed a “buy” rating on shares of Becton Dickinson and in a report on Sunday, June 12th. Evercore ISI downgraded Becton Dickinson and from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. Finally, Leerink Swann reaffirmed a “hold” rating and set a $175.00 price target on shares of Becton Dickinson and in a report on Wednesday, May 18th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $168.37.
The firm’s 50-day moving average price is $170.13 and its 200 day moving average price is $156.44. The stock has a market capitalization of $37.01 billion and a price-to-earnings ratio of 46.62.
Becton Dickinson and (NYSE:BDX) last released its quarterly earnings data on Thursday, May 5th. The company reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.16. During the same quarter in the prior year, the firm earned $1.61 EPS. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. The company’s revenue for the quarter was up 49.5% compared to the same quarter last year. On average, equities analysts forecast that Becton Dickinson and Co. will post $8.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $2.64 dividend on an annualized basis and a yield of 1.51%.
In related news, VP John E. Gallagher sold 1,931 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $169.87, for a total transaction of $328,018.97. Following the completion of the transaction, the vice president now owns 6,758 shares in the company, valued at approximately $1,147,981.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffrey S. Sherman sold 34,373 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $166.27, for a total value of $5,715,198.71. Following the transaction, the vice president now owns 49,736 shares of the company’s stock, valued at approximately $8,269,604.72. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently added to or reduced their stakes in BDX. Toronto Dominion Bank raised its position in Becton Dickinson and by 0.4% in the fourth quarter. Toronto Dominion Bank now owns 20,308 shares of the company’s stock worth $3,137,000 after buying an additional 90 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Becton Dickinson and by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 23,498 shares of the company’s stock worth $3,621,000 after buying an additional 122 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its position in Becton Dickinson and by 1.3% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 13,256 shares of the company’s stock worth $2,043,000 after buying an additional 175 shares in the last quarter. BOKF NA raised its position in Becton Dickinson and by 0.9% in the fourth quarter. BOKF NA now owns 21,735 shares of the company’s stock worth $3,349,000 after buying an additional 197 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Becton Dickinson and by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,769 shares of the company’s stock worth $2,122,000 after buying an additional 260 shares in the last quarter.
Becton, Dickinson and Company is a global medical technology company engaged in the development, manufacture and sale of a range of medical supplies, devices, laboratory equipment and diagnostic products used by healthcare institutions, life science researchers, clinical laboratories, pharmaceutical industry and the general public.
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