First Midwest Bank Trust Division lowered its stake in Becton Dickinson and Co. (NYSE:BDX) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 10,349 shares of the company’s stock after selling 122 shares during the period. First Midwest Bank Trust Division’s holdings in Becton Dickinson and were worth $1,755,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in 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, Fruth Investment Management bought a new stake in Becton Dickinson and during the second 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 1.52% during trading on Thursday, hitting $176.44. 599,919 shares of the company were exchanged. Becton Dickinson and Co. has a 1-year low of $129.50 and a 1-year high of $181.76. The stock has a market capitalization of $37.57 billion, a PE ratio of 33.67 and a beta of 0.97. The company has a 50 day moving average of $175.78 and a 200-day moving average of $167.69.
Becton Dickinson and (NYSE:BDX) last announced its quarterly earnings results on Thursday, August 4th. The company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.14. The company earned $3.20 billion during the quarter, compared to analyst estimates of $3.21 billion. Becton Dickinson and had a return on equity of 24.26% and a net margin of 9.24%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 earnings per share. On average, analysts forecast that Becton Dickinson and Co. will post $8.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $2.64 dividend on an annualized basis and a yield of 1.50%. Becton Dickinson and’s dividend payout ratio (DPR) is 50.19%.
Several research firms have recently weighed in on BDX. Citigroup Inc. lowered 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 note on Friday, September 23rd. Cowen and Company reiterated an “outperform” rating and issued a $185.00 price objective on shares of Becton Dickinson and in a research note on Tuesday, August 16th. Leerink Swann reiterated a “hold” rating on shares of Becton Dickinson and in a research note on Tuesday, August 9th. Jefferies Group reiterated a “buy” rating on shares of Becton Dickinson and in a research note on Friday, August 5th. Finally, Zacks Investment Research lowered shares of Becton Dickinson and from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $170.82.
In other news, insider Gary M. Cohen sold 29,367 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 125,870 shares in the company, valued at $22,255,074.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Linda M. Tharby sold 11,704 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 22,146 shares of the company’s stock, valued at $3,925,821.42. The disclosure for this sale can be found here. 1.60% of the stock is owned by company 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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