Trillium Asset Management LLC Acquires 312 Shares of Becton Dickinson and Co. (BDX)
Trillium Asset Management LLC raised its stake in shares of Becton Dickinson and Co. (NYSE:BDX) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,787 shares of the company’s stock after buying an additional 312 shares during the period. Trillium Asset Management LLC’s holdings in Becton Dickinson and were worth $4,712,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Iowa State Bank acquired a new position in Becton Dickinson and during the second quarter valued at $137,000. Nikko Asset Management Americas Inc. acquired a new position in Becton Dickinson and during the first quarter valued at $168,000. Court Place Advisors LLC acquired a new position in Becton Dickinson and during the second quarter valued at $200,000. Cottage Street Advisors LLC acquired a new position in Becton Dickinson and during the second quarter valued at $204,000. Finally, Meeder Asset Management Inc. acquired a new position in Becton Dickinson and during the first quarter valued at $210,000. Hedge funds and other institutional investors own 81.96% of the company’s stock.
Becton Dickinson and Co. (NYSE:BDX) traded up 0.26% during midday trading on Thursday, hitting $177.11. 600,343 shares of the company traded hands. The stock has a 50 day moving average price of $176.16 and a 200-day moving average price of $168.63. Becton Dickinson and Co. has a 12-month low of $129.50 and a 12-month high of $181.76. The company has a market cap of $37.71 billion, a PE ratio of 33.80 and a beta of 0.93.
Becton Dickinson and (NYSE:BDX) last issued its quarterly earnings results on Thursday, August 4th. The company reported $2.35 EPS for the quarter, topping the 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 analysts’ expectations of $3.21 billion. During the same period in the previous year, the business earned $2.05 earnings per share. Becton Dickinson and’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts expect that Becton Dickinson and Co. will post $8.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.49%. The ex-dividend date was Wednesday, September 7th. Becton Dickinson and’s dividend payout ratio (DPR) is presently 50.19%.
Several equities analysts have weighed in on the stock. Jefferies Group restated a “buy” rating on shares of Becton Dickinson and in a 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 note on Wednesday, July 13th. Bank of America Corp. reaffirmed a “buy” rating on shares of Becton Dickinson and in a research note on Tuesday, July 12th. Citigroup Inc. cut shares of Becton Dickinson and from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $167.00 to $165.00 in a research note on Friday, September 23rd. Finally, Argus reaffirmed a “buy” rating on shares of Becton Dickinson and in a research note on Sunday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Becton Dickinson and has a consensus rating of “Buy” and a consensus target price of $170.82.
In other Becton Dickinson and news, insider Gary M. Cohen sold 29,367 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $176.81, for a total value of $5,192,379.27. Following the sale, the insider now directly owns 125,870 shares in the company, valued at $22,255,074.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Linda M. Tharby sold 11,704 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $177.27, for a total transaction of $2,074,768.08. Following the completion of the sale, the insider now owns 22,146 shares in the company, valued at $3,925,821.42. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.
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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