Investors Buy Shares of Becton Dickinson and Co. (BDX) on Weakness
Traders purchased shares of Becton Dickinson and Co. (NYSE:BDX) on weakness during trading on Thursday. $135.62 million flowed into the stock on the tick-up and $120.83 million flowed out of the stock on the tick-down, for a money net flow of $14.79 million into the stock. Of all equities tracked, Becton Dickinson and had the 15th highest net in-flow for the day. Becton Dickinson and traded down ($4.25) for the day and closed at $171.53
Several research firms have recently weighed in on BDX. Bank of America Corp. reissued a “buy” rating on shares of Becton Dickinson and in a report on Thursday, May 12th. Zacks Investment Research cut Becton Dickinson and from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Leerink Swann reissued a “hold” rating and set a $175.00 price target on shares of Becton Dickinson and in a report on Wednesday, May 18th. Goldman Sachs Group Inc. increased their price target on Becton Dickinson and from $156.00 to $157.00 in a report on Friday, April 8th. Finally, Royal Bank Of Canada raised their target price on Becton Dickinson and from $153.00 to $169.00 and gave the stock a “sector perform” rating in a report on Monday, May 9th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $169.50.
The firm’s 50-day moving average price is $172.41 and its 200 day moving average price is $159.04. The stock has a market capitalization of $36.40 billion and a PE ratio of 45.85.
Becton Dickinson and (NYSE:BDX) last posted its earnings results on Thursday, August 4th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.14. During the same quarter in the prior year, the firm earned $2.05 earnings per share. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.21 billion. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts forecast that Becton Dickinson and Co. will post $8.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, September 7th. This represents a $2.64 dividend on an annualized basis and a yield of 1.54%.
In related news, VP John E. Gallagher sold 1,931 shares of the business’s stock in a transaction on Monday, June 13th. The shares were 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 directly owns 6,758 shares in the company, valued at $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, EVP Nabil Shabshab sold 5,080 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $168.75, for a total transaction of $857,250.00. Following the transaction, the executive vice president now owns 11,092 shares of the company’s stock, valued at $1,871,775. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have bought and sold shares of the company. Aberdeen Asset Management PLC UK increased its position in Becton Dickinson and by 26.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 51,434 shares of the company’s stock worth $7,121,000 after buying an additional 10,744 shares in the last quarter. 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 worth $1,566,000 after buying an additional 3,009 shares in the last quarter. Andra AP fonden increased its position in 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. Cambridge Investment Research Advisors Inc. acquired a new position in Becton Dickinson and during the fourth quarter worth about $1,636,000. Finally, Alerus Investment Advisors Corp increased its position in Becton Dickinson and by 42.0% in the fourth quarter. Alerus Investment Advisors Corp now owns 35,157 shares of the company’s stock worth $4,523,000 after buying an additional 10,406 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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