Several hedge funds recently changed their investments in Becton, Dickinson and Company (BDX). Jennison Associates increased their stake by 4.9%, owning now 402,350 shares worth about $99.56 million. Norden Group raised their stake by an impressive 2,086.7%, holding 51,934 shares valued at $12.85 million. Franklin Street Advisors entered the market with a new investment of roughly $12 million. Avity Investment Management increased their holdings by 3.5%, owning 162,687 shares worth about $40.26 million. Caden Capital Partners boosted their position by 26.7% to 83,417 shares valued at $20.34 million. Overall, 86.97% of BDX is owned by institutional investors.
Analyst Ratings
Evercore ISI increased their price target for BDX from $286 to $290 with an outperform rating. StockNews.com upgraded it from hold to buy. Stifel Nicolaus raised their target from $270 to $280 with a buy rating. Raymond James lowered their target from $275 to $270, maintaining an outperform rating. Citigroup upgraded BDX from neutral to buy with a price target increase from $255 to $275. Currently, nine analysts rate BDX as a “buy,” with a consensus target of $282.63.
Stock Performance
BDX shares opened at $239.76. Key financials include a quick ratio of 1.36, a current ratio of 1.85, and a debt-to-equity ratio of 0.70. The market cap is $69.29 billion, with a P/E ratio of 52.81. The 52-week range is $218.75 to $269.52. BDX also recently reported earnings of $3.50 per share, surpassing estimates by $0.19, with revenue for the quarter at $4.99 billion.
Dividends
BDX declared a quarterly dividend of $0.95 per share, paid on September 30th, with a yield of 1.58% and a payout ratio of 83.7%.
Becton, Dickinson Company Overview
Becton, Dickinson and Company provides medical devices, supplies, and diagnostic products globally across three segments: BD Medical, BD Life Sciences, and BD Interventional.
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