Public Employees Retirement Association of Colorado lowered its position in Becton Dickinson and Co. (NYSE:BDX) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,565 shares of the company’s stock after selling 1,115 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Becton Dickinson and were worth $26,213,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in BDX. Iowa State Bank bought a new stake in shares of Becton Dickinson and during the second quarter valued at $137,000. ClariVest Asset Management LLC bought a new stake in shares of Becton Dickinson and during the second quarter valued at $170,000. Nikko Asset Management Americas Inc. bought a new stake in shares of Becton Dickinson and during the first quarter valued at $168,000. Court Place Advisors LLC bought a new stake in shares of Becton Dickinson and during the second quarter valued at $200,000. Finally, Cottage Street Advisors LLC bought a new stake in shares of Becton Dickinson and during the second quarter valued at $204,000. Institutional investors and hedge funds own 81.96% of the company’s stock.
Becton Dickinson and Co. (NYSE:BDX) traded down 3.23% during mid-day trading on Tuesday, reaching $173.41. The company had a trading volume of 516,774 shares. The firm has a market capitalization of $36.92 billion, a P/E ratio of 33.09 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. The stock’s 50-day moving average is $176.53 and its 200 day moving average is $169.40.
Becton Dickinson and (NYSE:BDX) last issued its quarterly earnings data on Thursday, August 4th. The company reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.14. The firm earned $3.20 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $2.05 EPS. On average, analysts predict that Becton Dickinson and Co. will post $8.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 1.47%. Becton Dickinson and’s payout ratio is 50.19%.
Several brokerages recently weighed in on BDX. Zacks Investment Research downgraded Becton Dickinson and from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Jefferies Group increased their price target on Becton Dickinson and from $190.00 to $192.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Leerink Swann reaffirmed a “hold” rating on shares of Becton Dickinson and in a report on Tuesday, August 9th. Cowen and Company reaffirmed an “outperform” rating and set a $185.00 price target on shares of Becton Dickinson and in a report on Tuesday, August 16th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Becton Dickinson and in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $170.82.
In other news, insider Linda M. Tharby sold 11,704 shares of the stock in a transaction on Tuesday, September 6th. The stock was 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 of the company’s stock, valued at $3,925,821.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary M. Cohen sold 29,367 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $176.81, for a total value of $5,192,379.27. Following the completion of the transaction, the insider now directly 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 owned by 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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