Tealwood Asset Management Inc. increased its position in shares of Becton Dickinson and Co. (NYSE:BDX) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 9,530 shares of the company’s stock after buying an additional 105 shares during the period. Tealwood Asset Management Inc.’s holdings in Becton Dickinson and were worth $1,616,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of BDX. Iowa State Bank bought a new position in shares of Becton Dickinson and during the second quarter worth about $137,000. ClariVest Asset Management LLC acquired a new stake in Becton Dickinson and during the second quarter valued at approximately $170,000. Court Place Advisors LLC acquired a new stake in Becton Dickinson and during the second quarter valued at approximately $200,000. Cottage Street Advisors LLC acquired a new stake in Becton Dickinson and during the second quarter valued at approximately $204,000. Finally, Meeder Asset Management Inc. acquired a new stake in Becton Dickinson and during the first quarter valued at approximately $210,000. Institutional investors and hedge funds own 81.85% of the company’s stock.
Shares of Becton Dickinson and Co. (NYSE:BDX) traded down 0.23% during midday trading on Monday, hitting $171.54. 803,993 shares of the stock were exchanged. The firm has a 50-day moving average price of $176.29 and a 200 day moving average price of $170.04. The firm has a market cap of $36.53 billion, a PE ratio of 32.74 and a beta of 0.93. Becton Dickinson and Co. has a 12-month low of $129.50 and a 12-month high of $181.76.
Becton Dickinson and (NYSE:BDX) last posted its quarterly earnings data on Thursday, August 4th. The company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $2.05 EPS. Becton Dickinson and’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts predict that Becton Dickinson and Co. will post $8.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.64 dividend on an annualized basis and a yield of 1.54%. Becton Dickinson and’s dividend payout ratio (DPR) is 50.19%.
Several analysts have recently commented on BDX shares. Citigroup Inc. downgraded shares of Becton Dickinson and from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $167.00 to $165.00 in a report on Friday, September 23rd. Bank of America Corp. reaffirmed a “buy” rating on shares of Becton Dickinson and in a report on Tuesday, July 12th. Cowen and Company reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Becton Dickinson and in a report on Tuesday, August 16th. Jefferies Group reaffirmed a “buy” rating on shares of Becton Dickinson and in a report on Friday, August 5th. Finally, Leerink Swann reaffirmed a “hold” rating on shares of Becton Dickinson and in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $170.82.
In related news, insider Gary M. Cohen sold 29,367 shares of Becton Dickinson and stock in a transaction on 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 transaction, the insider now directly owns 125,870 shares in the company, valued at approximately $22,255,074.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Linda M. Tharby sold 11,704 shares of Becton Dickinson and stock in a transaction 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 completion of the transaction, 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 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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