Becton Dickinson and Co (BDX) : Tradition Capital Management reduced its stake in Becton Dickinson and Co by 3.61% during the most recent quarter end. The investment management company now holds a total of 15,198 shares of Becton Dickinson and Co which is valued at $2,671,504 after selling 570 shares in Becton Dickinson and Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Becton Dickinson and Co makes up approximately 0.87% of Tradition Capital Management’s portfolio.
Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in BDX by selling 37 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 8,657 shares of BDX which is valued at $1,521,727. Becton Dickinson and Co makes up approx 0.07% of Evercore Wealth Management’s portfolio.Jensen Investment Management Inc reduced its stake in BDX by selling 21,116 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 2,263,481 shares of BDX which is valued at $395,045,339. Becton Dickinson and Co makes up approx 5.97% of Jensen Investment Management Inc’s portfolio.Ls Investment Advisors boosted its stake in BDX in the latest quarter, The investment management firm added 1,877 additional shares and now holds a total of 25,574 shares of Becton Dickinson and Co which is valued at $4,441,437. Becton Dickinson and Co makes up approx 0.30% of Ls Investment Advisors’s portfolio.Hills Bank Trust Co reduced its stake in BDX by selling 90 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 20,295 shares of BDX which is valued at $3,567,455. Becton Dickinson and Co makes up approx 1.27% of Hills Bank Trust Co’s portfolio.
Becton Dickinson and Co closed down -4.25 points or -2.42% at $171.53 with 29,99,768 shares getting traded on Thursday. Post opening the session at $168.75, the shares hit an intraday low of $166.35 and an intraday high of $171.63 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Becton Dickinson and Co reported $2.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $2.20. The company had revenue of $3198.00 million for the quarter, compared to analysts expectations of $3202.11 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.
Investors should note that on Jul 26, 2016, Becton Dickinson and Co announced a cash dividend of $0.6600. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 30, 2016.
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 .
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.