Investors Sell Shares of Becton Dickinson and Co. (BDX) on Strength (BDX)
Investors sold shares of Becton Dickinson and Co. (NYSE:BDX) on strength during trading hours on Friday. $30.92 million flowed into the stock on the tick-up and $57.72 million flowed out of the stock on the tick-down, for a money net flow of $26.80 million out of the stock. Of all stocks tracked, Becton Dickinson and had the 0th highest net out-flow for the day. Becton Dickinson and traded up $1.33 for the day and closed at $175.47
A number of brokerages recently weighed in on BDX. Cowen and Company reissued an “outperform” rating and issued a $185.00 price target on shares of Becton Dickinson and in a research report on Tuesday, August 16th. Leerink Swann reissued a “hold” rating on shares of Becton Dickinson and in a research report on Tuesday, August 9th. Jefferies Group reissued a “buy” rating on shares of Becton Dickinson and in a research report on Friday, August 5th. Zacks Investment Research cut shares of Becton Dickinson and from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Becton Dickinson and in a research report on Tuesday, July 12th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Becton Dickinson and currently has a consensus rating of “Buy” and a consensus price target of $169.46.
The firm has a 50-day moving average of $174.73 and a 200 day moving average of $162.58. The company has a market cap of $37.36 billion and a P/E ratio of 33.49.
Becton Dickinson and (NYSE:BDX) last announced its quarterly earnings data on Thursday, August 4th. The company reported $2.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.14. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period in the prior year, the business earned $2.05 earnings per share. Becton Dickinson and’s revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Becton Dickinson and Co. will post $8.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.50%.
In other news, EVP Nabil Shabshab sold 5,080 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $168.75, for a total value of $857,250.00. Following the transaction, the executive vice president now directly owns 11,092 shares in the company, valued at approximately $1,871,775. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary M. Cohen sold 29,367 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $176.81, for a total transaction of $5,192,379.27. Following the completion of the transaction, the insider now owns 125,870 shares in the company, valued at $22,255,074.70. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have bought and sold shares of the company. American International Group Inc. increased its position in Becton Dickinson and by 2.7% in the fourth quarter. American International Group Inc. now owns 81,525 shares of the company’s stock worth $12,563,000 after buying an additional 2,121 shares during the last quarter. Dimensional Fund Advisors LP increased 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 valued at $53,767,000 after buying an additional 11,489 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Becton Dickinson and by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 585,304 shares of the company’s stock valued at $90,190,000 after buying an additional 15,361 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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