Shares of Becton Dickinson and Co. (NYSE:BDX) have been given a consensus rating of “Buy” by the eighteen brokerages that are presently covering the company. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $167.81.
Several brokerages have commented on BDX. Jefferies Group restated a “buy” rating on shares of Becton Dickinson and in a research report on Friday, August 5th. Zacks Investment Research downgraded 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. restated a “buy” rating on shares of Becton Dickinson and in a research report on Tuesday, July 12th. Citigroup Inc. downgraded shares of Becton Dickinson and from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $167.00 to $165.00 in a research report on Friday, September 23rd. Finally, Argus restated a “buy” rating on shares of Becton Dickinson and in a research report on Sunday, June 12th.
Becton Dickinson and (NYSE:BDX) opened at 176.65 on Monday. The company has a market capitalization of $37.61 billion, a price-to-earnings ratio of 33.71 and a beta of 0.93. 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 has a 52-week low of $129.50 and a 52-week high of $181.76.
Becton Dickinson and (NYSE:BDX) last released its quarterly earnings results 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 company earned $3.20 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts anticipate that Becton Dickinson and will post $8.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, September 7th. This represents a $2.64 dividend on an annualized basis and a yield of 1.49%. Becton Dickinson and’s dividend payout ratio (DPR) is currently 50.19%.
In other Becton Dickinson and news, insider Gary M. Cohen sold 29,367 shares of the company’s stock in a transaction 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 sale, the insider now owns 125,870 shares of the company’s stock, valued at $22,255,074.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Linda M. Tharby sold 11,704 shares of the company’s 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 sale, the insider now directly owns 22,146 shares in the company, valued at approximately $3,925,821.42. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of BDX. Jarislowsky Fraser Ltd boosted its stake in shares of Becton Dickinson and by 1,050.3% in the second quarter. Jarislowsky Fraser Ltd now owns 10,373,430 shares of the company’s stock worth $531,241,000 after buying an additional 9,471,594 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Becton Dickinson and by 64.3% in the second quarter. JPMorgan Chase & Co. now owns 3,779,957 shares of the company’s stock worth $641,043,000 after buying an additional 1,479,124 shares during the period. Prudential Financial Inc. boosted its stake in shares of Becton Dickinson and by 278.3% in the second quarter. Prudential Financial Inc. now owns 1,029,329 shares of the company’s stock worth $174,563,000 after buying an additional 757,251 shares during the period. Bank of Montreal Can purchased a new stake in shares of Becton Dickinson and during the second quarter worth approximately $118,746,000. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Becton Dickinson and during the second quarter worth approximately $102,860,000. 81.96% of the stock is currently owned by institutional investors and hedge funds.
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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