Becton Dickinson and Co (BDX) : Seaward Management Limited Partnership reduced its stake in Becton Dickinson and Co by 7.84% during the most recent quarter end. The investment management company now holds a total of 62,691 shares of Becton Dickinson and Co which is valued at $10,023,037 after selling 5,335 shares in Becton Dickinson and Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Becton Dickinson and Co makes up approximately 0.53% of Seaward Management Limited Partnership’s portfolio.
Becton Dickinson and Co opened for trading at $159.72 and hit $161.85 on the upside on Wednesday, eventually ending the session at $161.45, with a gain of 1.19% or 1.9 points. The heightened volatility saw the trading volume jump to 6,60,915 shares. Company has a market cap of $34,198 M.
Other Hedge Funds, Including , Alpha Omega Wealth Management reduced its stake in BDX by selling 300 shares or 19.05% in the most recent quarter. The Hedge Fund company now holds 1,275 shares of BDX which is valued at $203,847. Becton Dickinson and Co makes up approx 0.17% of Alpha Omega Wealth Management’s portfolio. Mcqueen Ball Associates added BDX to its portfolio by purchasing 15,555 company shares during the most recent quarter which is valued at $2,486,933. Becton Dickinson and Co makes up approx 1.76% of Mcqueen Ball Associates’s portfolio.Btr Capital Management Inc reduced its stake in BDX by selling 450 shares or 13.57% in the most recent quarter. The Hedge Fund company now holds 2,866 shares of BDX which is valued at $456,124. Becton Dickinson and Co makes up approx 0.10% of Btr Capital Management Inc’s portfolio.Toth Financial Advisory Corp boosted its stake in BDX in the latest quarter, The investment management firm added 5,068 additional shares and now holds a total of 23,221 shares of Becton Dickinson and Co which is valued at $3,573,944. Becton Dickinson and Co makes up approx 1.18% of Toth Financial Advisory Corp’s portfolio.
On the company’s financial health, Becton Dickinson and Co reported $1.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $1.84. The company had revenue of $2986.00 million for the quarter, compared to analysts expectations of $3034.79 million. The company’s revenue was up 45.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS.
Many Wall Street Analysts have commented on Becton Dickinson and Co. Company shares were Upgraded by Deutsche Bank on Feb 11, 2016 to ” Buy”, Firm has raised the Price Target to $ 163 from a previous price target of $155 .Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform” and Lowered the Price Target to $ 153 from a previous price target of $162 .
Becton Dickinson and Company 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 used by healthcare institutions life science researchers clinical laboratories pharmaceutical industry and the general public. The Company operates through two segments: BD Medical and BD Life Sciences. The Company’s Life Sciences segment consists of the BD Diagnostics and BD Biosciences segments. The Company’s BD Medical segment focuses on providing solutions to reduce the spread of infection enhance diabetes treatment and advance drug delivery. The Company’s BD Diagnostics provides products for the safe collection and transport of diagnostics specimens as well as instruments and reagent systems. Its BD Biosciences provide diagnostic and research tools to life science researchers clinical researchers laboratory professionals and clinicians.