Becton, Dickinson and Company (NYSE:BDX) Insider Thomas E. Polen, Jr. Sells 5,971 Shares

Becton, Dickinson and Company (NYSE:BDX) insider Thomas E. Polen, Jr. sold 5,971 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $197.41, for a total transaction of $1,178,735.11. Following the completion of the transaction, the insider now owns 12,861 shares in the company, valued at $2,538,890.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Becton, Dickinson and Company (NYSE BDX) traded up 0.12% during midday trading on Thursday, reaching $198.07. 519,632 shares of the company traded hands. The company’s 50 day moving average is $198.62 and its 200-day moving average is $187.41. The stock has a market capitalization of $45.07 billion, a price-to-earnings ratio of 57.36 and a beta of 1.05. Becton, Dickinson and Company has a 12 month low of $161.29 and a 12 month high of $206.63.

Becton, Dickinson and (NYSE:BDX) last announced its quarterly earnings results on Thursday, August 3rd. The medical instruments supplier reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.02. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Becton, Dickinson and had a net margin of 6.25% and a return on equity of 22.53%. Becton, Dickinson and’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.35 earnings per share. Equities research analysts forecast that Becton, Dickinson and Company will post $9.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.92 dividend on an annualized basis and a yield of 1.48%. Becton, Dickinson and’s dividend payout ratio (DPR) is 83.43%.

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Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $177.00 price objective on shares of Becton, Dickinson and in a report on Thursday, April 13th. Cowen and Company restated an “outperform” rating and issued a $230.00 price objective (up from $200.00) on shares of Becton, Dickinson and in a report on Monday, July 10th. BidaskClub upgraded shares of Becton, Dickinson and from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Evercore ISI upgraded shares of Becton, Dickinson and from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $186.00 to $200.00 in a report on Monday, April 24th. Finally, Zacks Investment Research upgraded shares of Becton, Dickinson and from a “hold” rating to a “buy” rating and set a $225.00 price objective on the stock in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $194.69.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Becton, Dickinson and by 188.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,494 shares of the medical instruments supplier’s stock worth $4,881,000 after buying an additional 17,298 shares during the period. Carderock Capital Management Inc. boosted its position in shares of Becton, Dickinson and by 0.5% in the first quarter. Carderock Capital Management Inc. now owns 13,499 shares of the medical instruments supplier’s stock worth $2,476,000 after buying an additional 69 shares during the period. Pinnacle Bank acquired a new position in shares of Becton, Dickinson and during the first quarter worth $192,000. Doyle Wealth Management acquired a new position in shares of Becton, Dickinson and during the first quarter worth $434,000. Finally, Cribstone Capital Management LLC boosted its position in shares of Becton, Dickinson and by 320.2% in the first quarter. Cribstone Capital Management LLC now owns 874 shares of the medical instruments supplier’s stock worth $161,000 after buying an additional 666 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

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 supplies, devices, laboratory equipment and diagnostic products. The Company operates through two segments: BD Medical and BD Life Sciences. The BD Medical segment produces an array of medical technologies and devices that are used to help improve healthcare delivery in a range of settings.

Insider Buying and Selling by Quarter for Becton, Dickinson and (NYSE:BDX)

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