Recently, several hedge funds increased or decreased their investments in Becton, Dickinson and Company (BDX). Jennison Associates raised their stake by 4.9%, now owning 402,350 shares valued at $99.56 million. Norden Group significantly boosted their stake by 2,086.7%, bringing their total to 51,934 shares worth $12.85 million. Franklin Street Advisors started a new position worth about $12 million. Avity Investment Management increased their stake by 3.5% to own 162,687 shares valued at $40.26 million. Caden Capital Partners raised their stake by 26.7% to 83,417 shares worth $20.34 million. Overall, hedge funds and institutions hold 86.97% of BDX stock.
Analyst Ratings
Analysts have recently updated their ratings for BDX. Evercore ISI raised their price target from $286 to $290 with an outperform rating. StockNews.com upgraded BDX from hold to buy. Stifel Nicolaus increased their target to $280 with a buy rating, while Raymond James lowered theirs from $275 to $270, keeping an outperform rating. Citigroup upgraded BDX from neutral to buy and raised their target from $255 to $275. Nine analysts currently have a buy rating, with an average price target of $282.63.
Becton, Dickinson Stock Overview
BDX opened at $239.76. The company has a market cap of $69.29 billion, a P/E ratio of 52.81, and a debt-to-equity ratio of 0.70. The stocks 52-week range is $218.75 to $269.52. In its last earnings report on August 1st, BDX reported $3.50 EPS, beating estimates of $3.31, with revenue of $4.99 billion.
Dividend Information
BDX announced a quarterly dividend of $0.95 per share, paid on September 30th, with an annual yield of 1.58% and a payout ratio of 83.70%.
Becton, Dickinson Company Profile
Becton, Dickinson develops and sells medical devices, supplies, and diagnostic products worldwide. They operate in three segments: BD Medical, BD Life Sciences, and BD Interventional.
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