Investors sold shares of Becton Dickinson and Co (NYSE:BDX) on strength during trading on Monday following insider selling activity. $105.46 million flowed into the stock on the tick-up and $190.09 million flowed out of the stock on the tick-down, for a money net flow of $84.63 million out of the stock. Of all stocks tracked, Becton Dickinson and had the 0th highest net out-flow for the day. Becton Dickinson and traded up $1.75 for the day and closed at $218.89Specifically, Director Timothy M. Ring sold 269,661 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $217.82, for a total transaction of $58,737,559.02. Following the completion of the sale, the director now owns 295,753 shares of the company’s stock, valued at $64,420,918.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.
A number of analysts have recently weighed in on BDX shares. Wells Fargo & Co reissued a “positive” rating and set a $235.00 price target (up previously from $225.00) on shares of Becton Dickinson and in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Argus raised their price target on shares of Becton Dickinson and to $235.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. They noted that the move was a valuation call. KeyCorp started coverage on shares of Becton Dickinson and in a research report on Friday, January 5th. They set an “overweight” rating and a $260.00 price target for the company. Bank of America reissued a “buy” rating and set a $260.00 price target on shares of Becton Dickinson and in a research report on Friday, January 19th. Finally, Morgan Stanley raised their price target on shares of Becton Dickinson and from $205.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $237.27.
The firm has a market capitalization of $49,410.00, a price-to-earnings ratio of 164.43, a P/E/G ratio of 1.49 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 1.54 and a debt-to-equity ratio of 1.04.
Becton Dickinson and (NYSE:BDX) last released its quarterly earnings data on Tuesday, February 6th. The medical instruments supplier reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.07. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.05 billion. Becton Dickinson and had a net margin of 2.71% and a return on equity of 16.19%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 earnings per share. analysts anticipate that Becton Dickinson and Co will post 10.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, March 8th. Becton Dickinson and’s dividend payout ratio is presently 229.01%.
Institutional investors have recently added to or reduced their stakes in the business. Legacy Advisors LLC lifted its stake in Becton Dickinson and by 7,000.0% in the fourth quarter. Legacy Advisors LLC now owns 497 shares of the medical instruments supplier’s stock valued at $106,000 after buying an additional 490 shares during the last quarter. Amica Retiree Medical Trust lifted its stake in Becton Dickinson and by 325.0% in the fourth quarter. Amica Retiree Medical Trust now owns 510 shares of the medical instruments supplier’s stock valued at $109,000 after buying an additional 390 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in Becton Dickinson and in the fourth quarter valued at $109,000. FTB Advisors Inc. lifted its stake in Becton Dickinson and by 114.2% in the fourth quarter. FTB Advisors Inc. now owns 544 shares of the medical instruments supplier’s stock valued at $116,000 after buying an additional 290 shares during the last quarter. Finally, Advisors Preferred LLC bought a new stake in Becton Dickinson and in the fourth quarter valued at $126,000. 75.56% of the stock is owned by hedge funds and other institutional investors.
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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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