Jarislowsky Fraser Ltd cut its holdings in shares of Becton, Dickinson and Company (NYSE:BDX) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 852,155 shares of the medical instruments supplier’s stock after selling 6,151 shares during the quarter. Becton, Dickinson and comprises approximately 1.0% of Jarislowsky Fraser Ltd’s investment portfolio, making the stock its 24th biggest position. Jarislowsky Fraser Ltd owned 0.37% of Becton, Dickinson and worth $166,979,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of BDX. MAI Capital Management acquired a new position in Becton, Dickinson and in the first quarter valued at $218,000. BB&T Securities LLC lifted its holdings in shares of Becton, Dickinson and by 2.0% in the first quarter. BB&T Securities LLC now owns 96,311 shares of the medical instruments supplier’s stock valued at $17,667,000 after purchasing an additional 1,846 shares in the last quarter. ZWJ Investment Counsel Inc. raised its holdings in shares of Becton, Dickinson and by 204.5% during the first quarter. ZWJ Investment Counsel Inc. now owns 5,252 shares of the medical instruments supplier’s stock worth $963,000 after acquiring an additional 3,527 shares in the last quarter. Credit Agricole S A grew its position in shares of Becton, Dickinson and by 2.9% in the first quarter. Credit Agricole S A now owns 452,439 shares of the medical instruments supplier’s stock valued at $82,996,000 after purchasing an additional 12,892 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Becton, Dickinson and in the first quarter valued at about $2,201,000. 86.01% of the stock is currently owned by institutional investors.
Shares of Becton, Dickinson and Company (NYSE:BDX) traded down $0.75 during mid-day trading on Wednesday, reaching $219.71. 108,877 shares of the company’s stock traded hands, compared to its average volume of 1,332,307. Becton, Dickinson and Company has a twelve month low of $161.29 and a twelve month high of $225.23. The company has a current ratio of 5.56, a quick ratio of 5.01 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $50,064.30, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.04.
A number of research analysts have recently issued reports on BDX shares. Stifel Nicolaus reiterated a “buy” rating and issued a $245.00 target price on shares of Becton, Dickinson and in a research note on Friday, November 3rd. Morgan Stanley boosted their price objective on shares of Becton, Dickinson and from $205.00 to $245.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $230.00 target price (up from $210.00) on shares of Becton, Dickinson and in a report on Friday, November 3rd. Zacks Investment Research raised shares of Becton, Dickinson and from a “hold” rating to a “buy” rating and set a $234.00 target price on the stock in a report on Tuesday, October 31st. Finally, Wells Fargo & Company reiterated a “positive” rating and issued a $235.00 price target (up previously from $225.00) on shares of Becton, Dickinson and in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $213.47.
In other Becton, Dickinson and news, insider Gary M. Cohen sold 15,512 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $203.77, for a total value of $3,160,880.24. Following the completion of the transaction, the insider now owns 95,781 shares of the company’s stock, valued at approximately $19,517,294.37. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Linda M. Tharby sold 4,695 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $200.48, for a total transaction of $941,253.60. Following the completion of the sale, the executive vice president now owns 18,670 shares of the company’s stock, valued at $3,742,961.60. The disclosure for this sale can be found here. In the last three months, insiders sold 47,038 shares of company stock valued at $9,480,225. Corporate insiders own 1.40% of the company’s stock.
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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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