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 equities 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 analysts have recently weighed in on the company. Bank of America Corp. reaffirmed a “buy” rating on shares of Becton Dickinson and in a research note on Thursday, May 12th. Zacks Investment Research raised Becton Dickinson and from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, May 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Becton Dickinson and in a research note on Tuesday, May 3rd. Argus reaffirmed a “buy” rating on shares of Becton Dickinson and in a research note on Sunday, June 12th. Finally, Jefferies Group raised their price target on Becton Dickinson and from $190.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $169.46.
The company has a 50 day moving average of $174.73 and a 200-day moving average of $162.58. The firm has a market capitalization 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.14. During the same period last year, the company earned $2.05 EPS. The business earned $3.20 billion during the quarter, compared to the consensus estimate of $3.21 billion. The business’s revenue was up 2.5% compared to the same quarter last year. Analysts predict that Becton Dickinson and Co. will post $8.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, September 7th.
In other Becton Dickinson and news, EVP Nabil Shabshab sold 5,080 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $168.75, for a total value of $857,250.00. Following the transaction, the executive vice president now owns 11,092 shares of the company’s stock, valued at approximately $1,871,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John E. Gallagher sold 1,931 shares of the company’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $169.87, for a total value of $328,018.97. Following the completion of the transaction, the vice president now directly owns 6,758 shares in the company, valued at approximately $1,147,981.46. The disclosure for this sale can be found here.
Several large investors have recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of Becton Dickinson and by 2.7% in the fourth quarter. American International Group Inc. now owns 81,525 shares of the company’s stock valued at $12,563,000 after buying an additional 2,121 shares in the last quarter. Dimensional Fund Advisors LP boosted 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. boosted 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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