Signaturefd LLC raised its stake in shares of Becton Dickinson and Co. (NYSE:BDX) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,018 shares of the company’s stock after buying an additional 135 shares during the period. Signaturefd LLC’s holdings in Becton Dickinson and were worth $342,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of BDX. Iowa State Bank purchased a new stake in Becton Dickinson and during the second quarter worth $137,000. ClariVest Asset Management LLC purchased a new stake in Becton Dickinson and during the second quarter worth $170,000. Court Place Advisors LLC purchased a new stake in Becton Dickinson and during the second quarter worth $200,000. Cottage Street Advisors LLC purchased a new stake in Becton Dickinson and during the second quarter worth $204,000. Finally, Meeder Asset Management Inc. purchased a new stake in Becton Dickinson and during the first quarter worth $210,000. 81.85% of the stock is owned by institutional investors.
Shares of Becton Dickinson and Co. (NYSE:BDX) traded down 0.33% during mid-day trading on Wednesday, hitting $172.22. The stock had a trading volume of 676,869 shares. The stock has a market cap of $36.67 billion, a P/E ratio of 32.87 and a beta of 0.93. The company’s 50 day moving average is $176.16 and its 200-day moving average is $170.18. Becton Dickinson and Co. has a 52-week low of $129.50 and a 52-week high of $181.76.
Becton Dickinson and (NYSE:BDX) last announced its quarterly earnings results on Thursday, August 4th. The company reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate 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 earned $3.20 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter last year, the firm earned $2.05 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate 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. Investors of record on Friday, September 9th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Wednesday, September 7th. Becton Dickinson and’s payout ratio is 50.19%.
BDX has been the topic of a number of research reports. Citigroup Inc. downgraded Becton Dickinson and from a “neutral” rating to a “sell” rating and lowered their price target for the company from $167.00 to $165.00 in a research report on Friday, September 23rd. Bank of America Corp. restated a “buy” rating on shares of Becton Dickinson and in a research report on Tuesday, July 12th. Cowen and Company restated an “outperform” rating and set a $185.00 price target on shares of Becton Dickinson and in a research report on Tuesday, August 16th. Jefferies Group restated a “buy” rating on shares of Becton Dickinson and in a research report on Friday, August 5th. Finally, Leerink Swann restated a “hold” rating on shares of Becton Dickinson and in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock 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 the stock in a transaction dated 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 sale, the insider now directly owns 125,870 shares of the company’s stock, valued at approximately $22,255,074.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linda M. Tharby sold 11,704 shares of the stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $177.27, for a total transaction of $2,074,768.08. Following the completion of the sale, the insider now directly 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.
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.
Want to see what other hedge funds are holding BDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Becton Dickinson and Co. (NYSE:BDX).
Receive News & Ratings for Becton Dickinson and Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Becton Dickinson and Co. and related companies with MarketBeat.com's FREE daily email newsletter.