Becton Dickinson and Co. (NYSE:BDX) dropped 3% on Thursday . The stock traded as low as $166.35 and last traded at $170.51, with a volume of 1,938,648 shares changing hands. The stock had previously closed at $175.78.

BDX has been the subject of several research analyst reports. Goldman Sachs Group Inc. lifted their price target on shares of Becton Dickinson and from $156.00 to $157.00 in a research note on Friday, April 8th. Zacks Investment Research downgraded shares of Becton Dickinson and from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Becton Dickinson and in a research note on Tuesday, May 3rd. Evercore ISI reaffirmed a “hold” rating and issued a $165.00 price target (up from $154.00) on shares of Becton Dickinson and in a research note on Saturday, May 7th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Becton Dickinson and in a research note on Sunday, May 8th. Eight investment 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. The stock has a consensus rating of “Buy” and a consensus target price of $169.50.

The company has a 50 day moving average of $172.41 and a 200 day moving average of $159.04. The company has a market cap of $36.40 billion and a price-to-earnings ratio of 45.85.

Becton Dickinson and (NYSE:BDX) last posted its quarterly earnings data on Thursday, August 4th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.14. During the same quarter last year, the company earned $2.05 EPS. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.21 billion. The business’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Becton Dickinson and Co. will post $8.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 1.54%.

In other news, VP Jeffrey S. Sherman sold 34,373 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $166.27, for a total transaction of $5,715,198.71. Following the transaction, the vice president now owns 49,736 shares in the company, valued at $8,269,604.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Ellen R. Strahlman sold 3,019 shares of the company’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $163.52, for a total transaction of $493,666.88. Following the transaction, the senior vice president now owns 7,218 shares in the company, valued at approximately $1,180,287.36. The disclosure for this sale can be found here.

Other institutional investors recently bought and sold shares of the company. Coho Partners Ltd. increased its position in Becton Dickinson and by 1.5% in the fourth quarter. Coho Partners Ltd. now owns 478,876 shares of the company’s stock valued at $73,790,000 after buying an additional 7,053 shares during the period. State of Tennessee Treasury Department raised its stake in shares of Becton Dickinson and by 352.8% in the fourth quarter. State of Tennessee Treasury Department now owns 384,538 shares of the company’s stock worth $59,253,000 after buying an additional 299,620 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Becton Dickinson and by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 348,912 shares of the company’s stock worth $53,767,000 after buying an additional 11,489 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Becton Dickinson and by 172.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 150,396 shares of the company’s stock worth $23,175,000 after buying an additional 95,161 shares in the last quarter. Finally, Andra AP fonden raised its stake in shares of Becton Dickinson and by 5.0% in the fourth quarter. Andra AP fonden now owns 124,800 shares of the company’s stock worth $19,230,000 after buying an additional 5,900 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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