Becton Dickinson and Co. (BDX) Sets New 1-Year High at $177.78
Shares of Becton Dickinson and Co. (NYSE:BDX) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $177.78 and last traded at $176.94, with a volume of 392,449 shares traded. The stock had previously closed at $176.00.
A number of equities analysts recently commented on BDX shares. Zacks Investment Research upgraded shares of Becton Dickinson and from a “hold” rating to a “buy” rating and set a $177.00 target price on the stock in a research report on Friday, April 15th. Evercore ISI reiterated a “hold” rating and issued a $165.00 target price (up previously from $154.00) on shares of Becton Dickinson and in a research report on Saturday, May 7th. Leerink Swann reiterated a “hold” rating and issued a $175.00 target price on shares of Becton Dickinson and in a research report on Wednesday, May 18th. Royal Bank Of Canada boosted their price objective on shares of Becton Dickinson and from $153.00 to $169.00 and gave the company a “sector perform” rating in a research report on Monday, May 9th. Finally, Bank of America Corp. restated a “buy” rating on shares of Becton Dickinson and in a research report on Tuesday, July 12th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Becton Dickinson and has a consensus rating of “Buy” and an average target price of $169.50.
The firm has a market cap of $37.48 billion and a price-to-earnings ratio of 47.22. The company has a 50 day moving average of $171.63 and a 200-day moving average of $158.11.
Becton Dickinson and (NYSE:BDX) last released its earnings results on Thursday, May 5th. The company reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.16. The firm earned $3.07 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the business posted $1.61 EPS. Becton Dickinson and’s revenue was up 49.5% compared to the same quarter last year. On average, equities research analysts expect that Becton Dickinson and Co. will post $8.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 1.50%.
In other news, SVP Ellen R. Strahlman sold 3,019 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $163.52, for a total value of $493,666.88. Following the completion of the sale, the senior vice president now owns 7,218 shares in the company, valued at approximately $1,180,287.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John E. Gallagher sold 1,931 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 6,758 shares of the company’s stock, valued at approximately $1,147,981.46. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently bought and sold shares of BDX. Turner Investments L.P. bought a new position in Becton Dickinson and during the fourth quarter valued at approximately $1,109,000. Victory Capital Management Inc. increased its position in Becton Dickinson and by 42.1% in the fourth quarter. Victory Capital Management Inc. now owns 10,162 shares of the company’s stock valued at $1,566,000 after buying an additional 3,009 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Becton Dickinson and during the fourth quarter valued at approximately $1,636,000. Stephens Inc. AR increased its position in Becton Dickinson and by 238.5% in the fourth quarter. Stephens Inc. AR now owns 12,362 shares of the company’s stock valued at $1,905,000 after buying an additional 8,710 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in Becton Dickinson and by 126.7% in the fourth quarter. GSA Capital Partners LLP now owns 12,780 shares of the company’s stock valued at $1,969,000 after buying an additional 7,143 shares in the last quarter.
Becton, Dickinson and Company (BD) is a global medical technology company engaged in the development, manufacture and sale of a range of medical devices, instrument systems and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public.
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