BidaskClub lowered shares of Becton, Dickinson and Company (NYSE:BDX) from a buy rating to a hold rating in a research report released on Sunday, August 6th.
BDX has been the subject of a number of other research reports. Zacks Investment Research raised Becton, Dickinson and from a hold rating to a buy rating and set a $206.00 target price for the company in a research note on Tuesday, April 11th. Raymond James Financial, Inc. raised Becton, Dickinson and from an outperform rating to a strong-buy rating and lowered their target price for the company from $210.00 to $180.00 in a research note on Friday, June 30th. Bank of America Corporation reissued a buy rating and issued a $225.00 target price (up previously from $200.00) on shares of Becton, Dickinson and in a research note on Friday, July 21st. Cowen and Company restated an outperform rating and set a $230.00 price target (up previously from $200.00) on shares of Becton, Dickinson and in a report on Monday, July 10th. Finally, Evercore ISI upgraded Becton, Dickinson and from an in-line rating to an outperform rating and boosted their price target for the company from $186.00 to $200.00 in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Becton, Dickinson and has a consensus rating of Buy and a consensus price target of $195.79.
Shares of Becton, Dickinson and (NYSE BDX) traded down 0.81% during trading on Friday, reaching $197.69. The company’s stock had a trading volume of 989,225 shares. The stock’s 50-day moving average is $199.72 and its 200-day moving average is $188.69. Becton, Dickinson and has a 12-month low of $161.29 and a 12-month high of $206.63. The stock has a market cap of $44.99 billion, a P/E ratio of 57.25 and a beta of 1.05.
Becton, Dickinson and (NYSE:BDX) last released its 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. Becton, Dickinson and had a return on equity of 22.53% and a net margin of 6.25%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the company posted $2.35 EPS. Becton, Dickinson and’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts anticipate that Becton, Dickinson and will post $9.46 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued 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 dividend yield of 1.48%. Becton, Dickinson and’s dividend payout ratio (DPR) is 83.43%.
In other Becton, Dickinson and news, VP Jeffrey S. Sherman sold 28,765 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $185.98, for a total transaction of $5,349,714.70. Following the transaction, the vice president now owns 70,821 shares in the company, valued at approximately $13,171,289.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nabil Shabshab sold 6,149 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $201.76, for a total value of $1,240,622.24. Following the transaction, the insider now owns 15,648 shares in the company, valued at approximately $3,157,140.48. The disclosure for this sale can be found here. Insiders have sold a total of 57,631 shares of company stock worth $11,112,178 in the last quarter. Company insiders own 1.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Oakmont Partners LLC bought a new stake in Becton, Dickinson and during the first quarter valued at $920,000. TNB Financial bought a new stake in Becton, Dickinson and during the first quarter valued at $587,000. First National Bank of Omaha increased its stake in Becton, Dickinson and by 6.7% in the first quarter. First National Bank of Omaha now owns 20,960 shares of the medical instruments supplier’s stock valued at $3,845,000 after buying an additional 1,310 shares during the last quarter. National Pension Service increased its stake in Becton, Dickinson and by 1.6% in the first quarter. National Pension Service now owns 155,231 shares of the medical instruments supplier’s stock valued at $28,517,000 after buying an additional 2,486 shares during the last quarter. Finally, Union Bankshares Corp increased its stake in Becton, Dickinson and by 3.5% in the first quarter. Union Bankshares Corp now owns 21,954 shares of the medical instruments supplier’s stock valued at $4,028,000 after buying an additional 743 shares during the last quarter. Institutional investors own 75.57% of the company’s stock.
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.
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