Nomura Holdings Inc. cut its stake in Becton Dickinson and Co. (NYSE:BDX) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 19,565 shares of the company’s stock after selling 1,697 shares during the period. Nomura Holdings Inc.’s holdings in Becton Dickinson and were worth $3,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PacWest Financial Management Inc increased its position in Becton Dickinson and by 2.8% in the first quarter. PacWest Financial Management Inc now owns 12,080 shares of the company’s stock worth $1,833,000 after buying an additional 330 shares during the period. Delta Asset Management LLC TN increased its position in Becton Dickinson and by 1.9% in the first quarter. Delta Asset Management LLC TN now owns 90,225 shares of the company’s stock worth $13,698,000 after buying an additional 1,665 shares during the period. Douglas Lane & Associates LLC acquired a new position in Becton Dickinson and during the first quarter worth approximately $497,000. City Holding Co. increased its position in Becton Dickinson and by 7.8% in the first quarter. City Holding Co. now owns 8,296 shares of the company’s stock worth $1,259,000 after buying an additional 600 shares during the period. Finally, Wendell David Associates Inc. increased its position in Becton Dickinson and by 0.9% in the first quarter. Wendell David Associates Inc. now owns 8,666 shares of the company’s stock worth $1,317,000 after buying an additional 75 shares during the period. 81.96% of the stock is currently owned by institutional investors.

Shares of Becton Dickinson and Co. (NYSE:BDX) opened at 175.89 on Wednesday. Becton Dickinson and Co. has a 52 week low of $128.87 and a 52 week high of $178.79. The firm’s 50-day moving average is $174.87 and its 200 day moving average is $166.42. The firm has a market capitalization of $37.45 billion, a PE ratio of 33.57 and a beta of 0.97.

Becton Dickinson and (NYSE:BDX) last released its earnings results on Thursday, August 4th. The company reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.14. Becton Dickinson and had a net margin of 9.24% and a return on equity of 24.26%. The firm 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 firm earned $2.05 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Becton Dickinson and Co. will post $8.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be paid 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 dividend yield of 1.50%. Becton Dickinson and’s payout ratio is 50.19%.

A number of research firms have commented on BDX. Argus reissued a “buy” rating on shares of Becton Dickinson and in a research report on Sunday, June 12th. Leerink Swann reissued a “hold” rating on shares of Becton Dickinson and in a research report on Tuesday, August 9th. Bank of America Corp. reissued a “buy” rating on shares of Becton Dickinson and in a research report on Tuesday, July 12th. Cowen and Company reissued an “outperform” rating and set a $185.00 target price on shares of Becton Dickinson and in a research report on Tuesday, August 16th. Finally, Jefferies Group reissued a “buy” rating on shares of Becton Dickinson and in a research report on Friday, August 5th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $169.46.

In related news, insider Linda M. Tharby sold 11,704 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $177.27, for a total transaction of $2,074,768.08. Following the sale, the insider now directly owns 22,146 shares in the company, valued at $3,925,821.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary M. Cohen sold 29,367 shares of the company’s stock in a transaction that occurred on 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 sale, 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. Corporate insiders own 1.60% of the company’s stock.

About Becton Dickinson and

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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