Garde Capital Inc. Takes $1.02 Million Position in Becton Dickinson and Co (BDX)
Garde Capital Inc. acquired a new stake in Becton Dickinson and Co (NYSE:BDX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,200 shares of the medical instruments supplier’s stock, valued at approximately $1,019,000.
Other large investors have also made changes to their positions in the company. Family Firm Inc. increased its position in Becton Dickinson and by 0.5% in the 2nd quarter. Family Firm Inc. now owns 1,212 shares of the medical instruments supplier’s stock valued at $236,000 after buying an additional 6 shares in the last quarter. Northwest Quadrant Wealth Management LLC increased its position in Becton Dickinson and by 0.4% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 1,686 shares of the medical instruments supplier’s stock valued at $332,000 after buying an additional 6 shares in the last quarter. Northstar Group Inc. increased its position in Becton Dickinson and by 0.3% in the 2nd quarter. Northstar Group Inc. now owns 2,994 shares of the medical instruments supplier’s stock valued at $584,000 after buying an additional 9 shares in the last quarter. NBT Bank N A NY increased its position in Becton Dickinson and by 0.3% in the 2nd quarter. NBT Bank N A NY now owns 3,351 shares of the medical instruments supplier’s stock valued at $654,000 after buying an additional 10 shares in the last quarter. Finally, Good Life Advisors LLC increased its position in Becton Dickinson and by 0.6% in the 2nd quarter. Good Life Advisors LLC now owns 2,494 shares of the medical instruments supplier’s stock valued at $491,000 after buying an additional 14 shares in the last quarter. 88.60% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $210.00 target price on shares of Becton Dickinson and in a research report on Wednesday, October 25th. Zacks Investment Research raised Becton Dickinson and from a “hold” rating to a “buy” rating and set a $234.00 target price for the company in a research report on Tuesday, October 31st. Wells Fargo & Company assumed coverage on Becton Dickinson and in a research report on Friday, September 22nd. They issued an “outperform” rating and a $225.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $245.00 target price on shares of Becton Dickinson and in a research report on Friday, November 3rd. Finally, Morgan Stanley boosted their target price on Becton Dickinson and from $205.00 to $245.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $218.36.
Shares of Becton Dickinson and Co (NYSE BDX) opened at $218.77 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.03 and a current ratio of 5.58. The company has a market capitalization of $49,913.57, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. Becton Dickinson and Co has a twelve month low of $161.50 and a twelve month high of $229.68.
Becton Dickinson and (NYSE:BDX) last issued its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.03. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.14 billion. Becton Dickinson and had a return on equity of 20.56% and a net margin of 8.52%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 EPS. sell-side analysts predict that Becton Dickinson and Co will post 10.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.75 per share. This is a positive change from Becton Dickinson and’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, December 7th. Becton Dickinson and’s payout ratio is currently 64.52%.
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Becton Dickinson and Profile
Becton, Dickinson and Company (BD) 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. The Company operates through two segments: BD Medical and BD Life Sciences. The BD Medical segment produces an array of medical technologies and devices that are used to help improve healthcare delivery in a range of settings.
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