Huntington National Bank increased its stake in shares of Becton Dickinson and Co. (NYSE:BDX) by 181.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 133,893 shares of the company’s stock after buying an additional 86,365 shares during the period. Huntington National Bank’s holdings in Becton Dickinson and were worth $22,707,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of BDX. Iowa State Bank bought a new stake in Becton Dickinson and during the second quarter valued at $137,000. Nikko Asset Management Americas Inc. bought a new stake in Becton Dickinson and during the first quarter valued at $168,000. Court Place Advisors LLC bought a new stake in Becton Dickinson and during the second quarter valued at $200,000. Cottage Street Advisors LLC bought a new stake in Becton Dickinson and during the second quarter valued at $204,000. Finally, Meeder Asset Management Inc. bought a new stake 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.
Shares of Becton Dickinson and Co. (NYSE:BDX) traded down 2.86% during mid-day trading on Tuesday, hitting $174.07. 848,607 shares of the stock were exchanged. Becton Dickinson and Co. has a 12-month low of $129.50 and a 12-month high of $181.76. The stock’s 50 day moving average price is $176.53 and its 200-day moving average price is $169.40. The stock has a market capitalization of $37.06 billion, a P/E ratio of 33.22 and a beta of 0.93.
Becton Dickinson and (NYSE:BDX) last issued its quarterly earnings data on Thursday, August 4th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.14. The business earned $3.20 billion during the quarter, compared to analyst estimates of $3.21 billion. Becton Dickinson and had a net margin of 9.24% and a return on equity of 24.26%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $2.05 EPS. On average, equities research analysts expect that Becton Dickinson and Co. will post $8.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued a $0.66 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $2.64 dividend on an annualized basis and a yield of 1.47%. Becton Dickinson and’s dividend payout ratio (DPR) is presently 50.19%.
Several equities research analysts have recently commented on the stock. Jefferies Group reiterated 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. Bank of America Corp. reiterated a “buy” rating on shares of Becton Dickinson and in a research report on Tuesday, July 12th. Citigroup Inc. cut shares of Becton Dickinson and from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $167.00 to $165.00 in a research report on Friday, September 23rd. Finally, Cowen and Company reiterated an “outperform” rating and set a $185.00 price target on shares of Becton Dickinson and in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $170.82.
In related news, insider Linda M. Tharby sold 11,704 shares of the firm’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 completion of the transaction, the insider now owns 22,146 shares in the company, valued at approximately $3,925,821.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gary M. Cohen sold 29,367 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were 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 of the company’s stock, valued at approximately $22,255,074.70. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate 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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