Douglass Winthrop Advisors Lowers stake in Becton Dickinson and Co (BDX)

Becton Dickinson and Co (BDX) : Douglass Winthrop Advisors reduced its stake in Becton Dickinson and Co by 3.71% during the most recent quarter end. The investment management company now holds a total of 247,093 shares of Becton Dickinson and Co which is valued at $39,846,217 after selling 9,513 shares in Becton Dickinson and Co , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Becton Dickinson and Co makes up approximately 2.85% of Douglass Winthrop Advisors’s portfolio.

Becton Dickinson and Co closed down -0.36 points or -0.22% at $160.9 with 12,77,475 shares getting traded on Monday. Post opening the session at $160.67, the shares hit an intraday low of $157.6 and an intraday high of $162.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Glenmede Trust Co Na reduced its stake in BDX by selling 16,259 shares or 22.32% in the most recent quarter. The Hedge Fund company now holds 56,572 shares of BDX which is valued at $9,122,801. Becton Dickinson and Co makes up approx 0.06% of Glenmede Trust Co Na’s portfolio.Kanawha Capital Management boosted its stake in BDX in the latest quarter, The investment management firm added 2,335 additional shares and now holds a total of 69,441 shares of Becton Dickinson and Co which is valued at $11,198,056. Becton Dickinson and Co makes up approx 1.91% of Kanawha Capital Management’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in BDX in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 62,007 shares of Becton Dickinson and Co which is valued at $9,913,679. Becton Dickinson and Co makes up approx 0.17% of Gulf International Bank (uk) Ltd’s portfolio.Bristol John W Co Inc Ny reduced its stake in BDX by selling 18,239 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 445,316 shares of BDX which is valued at $71,197,122. Becton Dickinson and Co makes up approx 1.88% of Bristol John W Co Inc Ny’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in BDX in the latest quarter, The investment management firm added 117 additional shares and now holds a total of 37,352 shares of Becton Dickinson and Co which is valued at $5,944,571. Becton Dickinson and Co makes up approx 0.14% of Oregon Public Employees Retirement Fund’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.

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