Peak Asset Management buys $7,322,248 stake in Becton Dickinson and Co (BDX)

Becton Dickinson and Co (BDX) : Peak Asset Management scooped up 114 additional shares in Becton Dickinson and Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 44,033 shares of Becton Dickinson and Co which is valued at $7,322,248.Becton Dickinson and Co makes up approximately 1.58% of Peak Asset Management’s portfolio.

Other Hedge Funds, Including , Buckingham Capital Management boosted its stake in BDX in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 9,948 shares of Becton Dickinson and Co which is valued at $1,654,253. Becton Dickinson and Co makes up approx 0.46% of Buckingham Capital Management’s portfolio.Buckingham Asset Management boosted its stake in BDX in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 2,043 shares of Becton Dickinson and Co which is valued at $336,768. Becton Dickinson and Co makes up approx 0.11% of Buckingham Asset Management’s portfolio.Quantitative Investment Management boosted its stake in BDX in the latest quarter, The investment management firm added 16,100 additional shares and now holds a total of 22,200 shares of Becton Dickinson and Co which is valued at $3,659,448. Becton Dickinson and Co makes up approx 0.17% of Quantitative Investment Management’s portfolio.Pacwest Financial Management Inc boosted its stake in BDX in the latest quarter, The investment management firm added 330 additional shares and now holds a total of 12,080 shares of Becton Dickinson and Co which is valued at $1,948,021. Becton Dickinson and Co makes up approx 1.25% of Pacwest Financial Management Inc’s portfolio.

Becton Dickinson and Co opened for trading at $166.29 and hit $168.86 on the upside on Monday, eventually ending the session at $168.57, with a gain of 1.37% or 2.28 points. The heightened volatility saw the trading volume jump to 10,00,764 shares. Company has a market cap of $35,771 M.

On the company’s financial health, Becton Dickinson and Co reported $2.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on May 5, 2016. Analyst had a consensus of $2.01. The company had revenue of $3067.00 million for the quarter, compared to analysts expectations of $3073.41 million. The company’s revenue was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS.

Many Wall Street Analysts have commented on Becton Dickinson and Co. Company shares were Reiterated by RBC Capital Mkts on May 9, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 169 from a previous price target of $153 .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 .

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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