Confluence Investment Management LLC Grows Position in Becton, Dickinson and Company (NYSE:BDX)

by · The Cerbat Gem

Confluence Investment Management LLC boosted its stake in Becton, Dickinson and Company (NYSE:BDX – Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,798 shares of the medical instruments supplier’s stock after buying an additional 479 shares during the period. Confluence Investment Management LLC’s holdings in Becton, Dickinson and Company were worth $19,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. WR Wealth Planners LLC boosted its position in shares of Becton, Dickinson and Company by 1.4% during the second quarter. WR Wealth Planners LLC now owns 2,978 shares of the medical instruments supplier’s stock worth $696,000 after buying an additional 42 shares during the period. Clear Creek Financial Management LLC boosted its holdings in Becton, Dickinson and Company by 5.1% during the 2nd quarter. Clear Creek Financial Management LLC now owns 900 shares of the medical instruments supplier’s stock valued at $210,000 after acquiring an additional 44 shares during the period. Sound Income Strategies LLC boosted its holdings in Becton, Dickinson and Company by 35.8% during the 3rd quarter. Sound Income Strategies LLC now owns 167 shares of the medical instruments supplier’s stock valued at $40,000 after acquiring an additional 44 shares during the period. Central Pacific Bank Trust Division grew its position in Becton, Dickinson and Company by 22.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 245 shares of the medical instruments supplier’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in Becton, Dickinson and Company by 3.6% during the second quarter. Capital Advisors Ltd. LLC now owns 1,394 shares of the medical instruments supplier’s stock worth $326,000 after purchasing an additional 48 shares during the period. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Becton, Dickinson and Company Trading Down 5.5 %

NYSE:BDX opened at $226.97 on Friday. Becton, Dickinson and Company has a 1 year low of $218.75 and a 1 year high of $257.58. The stock has a market cap of $65.60 billion, a P/E ratio of 46.70, a P/E/G ratio of 1.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 1.85. The stock has a 50-day simple moving average of $237.53 and a 200-day simple moving average of $235.16.

Becton, Dickinson and Company (NYSE:BDX – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.04. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.38 billion. Becton, Dickinson and Company had a return on equity of 14.49% and a net margin of 7.13%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.42 earnings per share. As a group, analysts anticipate that Becton, Dickinson and Company will post 13.11 earnings per share for the current fiscal year.

Becton, Dickinson and Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 9th will be paid a dividend of $1.04 per share. This is a positive change from Becton, Dickinson and Company’s previous quarterly dividend of $0.95. This represents a $4.16 annualized dividend and a yield of 1.83%. Becton, Dickinson and Company’s dividend payout ratio (DPR) is currently 78.19%.

Wall Street Analysts Forecast Growth

BDX has been the subject of several recent research reports. Evercore ISI raised their price objective on shares of Becton, Dickinson and Company from $286.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. StockNews.com raised shares of Becton, Dickinson and Company from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Raymond James dropped their price target on shares of Becton, Dickinson and Company from $275.00 to $270.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus increased their price objective on Becton, Dickinson and Company from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Citigroup upgraded Becton, Dickinson and Company from a “neutral” rating to a “buy” rating and lifted their target price for the company from $255.00 to $275.00 in a report on Tuesday, October 1st. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $282.63.

Get Our Latest Report on BDX

Becton, Dickinson and Company Company Profile

(Free Report)

Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide. The company operates in three segments: BD Medical, BD Life Sciences, and BD Interventional.

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