Norris Perne & French LLP MI increased its stake in shares of Becton Dickinson and Co. (NYSE:BDX) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 43,535 shares of the company’s stock after buying an additional 308 shares during the period. Becton Dickinson and accounts for approximately 1.6% of Norris Perne & French LLP MI’s portfolio, making the stock its 23rd largest position. Norris Perne & French LLP MI’s holdings in Becton Dickinson and were worth $7,383,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Iowa State Bank acquired a new position in Becton Dickinson and during the second quarter worth about $137,000. Nikko Asset Management Americas Inc. acquired a new position in Becton Dickinson and during the first quarter worth about $168,000. Cottage Street Advisors LLC acquired a new position in Becton Dickinson and during the second quarter worth about $204,000. Meeder Asset Management Inc. acquired a new position in Becton Dickinson and during the first quarter worth about $210,000. Finally, Fruth Investment Management acquired a new position in Becton Dickinson and during the second quarter worth about $210,000. Institutional investors and hedge funds own 82.02% of the company’s stock.

Shares of Becton Dickinson and Co. (NYSE:BDX) traded up 0.26% during midday trading on Monday, hitting $175.66. The stock had a trading volume of 529,109 shares. The stock has a market cap of $37.40 billion, a PE ratio of 33.52 and a beta of 0.97. Becton Dickinson and Co. has a 12 month low of $128.87 and a 12 month high of $178.79. The stock’s 50-day moving average is $174.90 and its 200-day moving average is $166.23.

Becton Dickinson and (NYSE:BDX) last posted its quarterly earnings data on Thursday, August 4th. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.14. The company earned $3.20 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Becton Dickinson and had a return on equity of 24.26% and a net margin of 9.24%. Becton Dickinson and’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 earnings per share. Equities analysts anticipate that Becton Dickinson and Co. will post $8.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Wednesday, September 7th. Becton Dickinson and’s payout ratio is 50.19%.

BDX has been the topic of a number of research analyst reports. Bank of America Corp. restated a “buy” rating on shares of Becton Dickinson and in a report on Tuesday, July 12th. Cowen and Company restated an “outperform” rating and set a $185.00 price target on shares of Becton Dickinson and in a report on Tuesday, August 16th. Jefferies Group restated a “buy” rating on shares of Becton Dickinson and in a report on Friday, August 5th. Leerink Swann restated a “hold” rating on shares of Becton Dickinson and in a report on Tuesday, August 9th. Finally, Evercore ISI cut Becton Dickinson and from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Becton Dickinson and currently has an average rating of “Buy” and an average target price of $169.46.

In other Becton Dickinson and news, insider Gary M. Cohen sold 29,367 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $176.81, for a total value of $5,192,379.27. Following the completion of the sale, the insider now owns 125,870 shares in the company, valued at $22,255,074.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Linda M. Tharby sold 11,704 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $177.27, for a total value of $2,074,768.08. Following the completion of the sale, the insider now owns 22,146 shares of the company’s stock, valued at approximately $3,925,821.42. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

About Becton Dickinson and

Becton, Dickinson and Company (BD) is a global medical technology company engaged in the development, manufacture and sale of a range of medical devices, instrument systems and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public.

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