Becton, Dickinson and Company (BDX) Hits New 1-Year High at $206.72

Becton, Dickinson and Company (NYSE:BDX)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $206.72 and last traded at $206.57, with a volume of 1,218,599 shares trading hands. The stock had previously closed at $203.07.

A number of brokerages recently commented on BDX. BidaskClub upgraded Becton, Dickinson and from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Cowen and Company restated an “outperform” rating and set a $230.00 target price (up previously from $200.00) on shares of Becton, Dickinson and in a report on Monday, July 10th. Barclays PLC restated an “equal weight” rating and set a $210.00 target price (up previously from $205.00) on shares of Becton, Dickinson and in a report on Thursday, August 10th. Zacks Investment Research upgraded Becton, Dickinson and from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a report on Monday, July 17th. Finally, Wells Fargo & Company began coverage on Becton, Dickinson and in a report on Friday, September 22nd. They set an “outperform” rating and a $225.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $200.93.

The stock has a market capitalization of $47.64 billion, a price-to-earnings ratio of 60.63 and a beta of 1.05. The stock has a 50-day moving average price of $197.93 and a 200-day moving average price of $193.62.

Becton, Dickinson and (NYSE:BDX) last issued its earnings results on Thursday, August 3rd. The medical instruments supplier reported $2.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.02. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.06 billion. Becton, Dickinson and had a return on equity of 22.53% and a net margin of 6.25%. Becton, Dickinson and’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.35 EPS. Analysts forecast that Becton, Dickinson and Company will post $9.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, September 7th. Becton, Dickinson and’s dividend payout ratio (DPR) is presently 83.43%.

In other Becton, Dickinson and news, insider Ellen R. Strahlman sold 9,283 shares of Becton, Dickinson and stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $198.21, for a total transaction of $1,839,983.43. Following the completion of the sale, the insider now directly owns 26,638 shares of the company’s stock, valued at approximately $5,279,917.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas E. Polen, Jr. sold 5,971 shares of Becton, Dickinson and stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $197.41, for a total value of $1,178,735.11. Following the sale, the insider now directly owns 12,861 shares of the company’s stock, valued at $2,538,890.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,904 shares of company stock valued at $15,242,688. 1.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Almanack Investment Partners LLC. bought a new position in shares of Becton, Dickinson and in the 1st quarter worth $105,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Becton, Dickinson and by 55.8% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 670 shares of the medical instruments supplier’s stock worth $131,000 after acquiring an additional 240 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Becton, Dickinson and by 8.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 684 shares of the medical instruments supplier’s stock worth $133,000 after acquiring an additional 51 shares in the last quarter. Harfst & Associates Inc. raised its position in shares of Becton, Dickinson and by 46.4% in the 2nd quarter. Harfst & Associates Inc. now owns 697 shares of the medical instruments supplier’s stock worth $135,000 after acquiring an additional 221 shares in the last quarter. Finally, Financial Architects Inc raised its position in shares of Becton, Dickinson and by 8.0% in the 2nd quarter. Financial Architects Inc now owns 731 shares of the medical instruments supplier’s stock worth $142,000 after acquiring an additional 54 shares in the last quarter. 87.12% of the stock is owned by institutional investors and hedge funds.

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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 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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