Dynamic Technology Lab Private Ltd bought a new stake in shares of Becton Dickinson and Co. (NYSE:BDX) during the second quarter, Holdings Channel reports. The firm bought 1,713 shares of the company’s stock, valued at approximately $290,000.
Other institutional investors also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. bought a new position in Becton Dickinson and during the first quarter valued at about $702,000. Nisa Investment Advisors L.L.C. raised its position in Becton Dickinson and by 2.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 79,655 shares of the company’s stock valued at $12,093,000 after buying an additional 1,830 shares during the period. Virginia Retirement System bought a new position in Becton Dickinson and during the first quarter valued at about $519,000. Badgley Phelps & Bell Inc. raised its position in Becton Dickinson and by 23.4% in the first quarter. Badgley Phelps & Bell Inc. now owns 1,716 shares of the company’s stock valued at $261,000 after buying an additional 325 shares during the period. Finally, IFP Advisors Inc raised its position in Becton Dickinson and by 179.6% in the first quarter. IFP Advisors Inc now owns 11,147 shares of the company’s stock valued at $1,692,000 after buying an additional 7,160 shares during the period. Institutional investors own 81.96% of the company’s stock.
Shares of Becton Dickinson and Co. (NYSE:BDX) opened at 179.73 on Friday. The firm has a 50-day moving average price of $175.87 and a 200 day moving average price of $167.90. The stock has a market capitalization of $38.27 billion, a PE ratio of 34.30 and a beta of 0.97. Becton Dickinson and Co. has a one year low of $129.50 and a one year high of $181.76.
Becton Dickinson and (NYSE:BDX) last released its quarterly earnings results on Thursday, August 4th. The company reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.14. Becton Dickinson and had a return on equity of 24.26% and a net margin of 9.24%. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the previous year, the firm posted $2.05 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Becton Dickinson and Co. will post $8.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, September 7th. Becton Dickinson and’s dividend payout ratio (DPR) is 50.19%.
Several equities analysts have issued reports on BDX shares. Argus reiterated a “buy” rating on shares of Becton Dickinson and in a research note on Sunday, June 12th. Bank of America Corp. reiterated a “buy” rating on shares of Becton Dickinson and in a research note on Tuesday, July 12th. Zacks Investment Research lowered Becton Dickinson and from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Jefferies Group lifted their target price on Becton Dickinson and from $190.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Finally, Leerink Swann restated a “hold” rating on shares of Becton Dickinson and in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $170.82.
In other Becton Dickinson and news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $2,074,768.08. Following the sale, the insider now owns 22,146 shares in the company, valued at approximately $3,925,821.42. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
Becton Dickinson and Company Profile
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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