Becton Dickinson and Co. (NYSE:BDX) hit a new 52-week high on Wednesday . The stock traded as high as $179.62 and last traded at $179.38, with a volume of 761,020 shares. The stock had previously closed at $175.89.

BDX has been the subject of several recent research reports. Bank of America Corp. reiterated a “buy” rating on shares of Becton Dickinson and in a research note on Tuesday, July 12th. Cowen and Company restated an “outperform” rating and issued a $185.00 price objective on shares of Becton Dickinson and in a research report on Tuesday, August 16th. Jefferies Group restated a “buy” rating on shares of Becton Dickinson and in a research report on Friday, August 5th. Leerink Swann restated a “hold” rating on shares of Becton Dickinson and in a research report on Tuesday, August 9th. Finally, Evercore ISI downgraded shares of Becton Dickinson and from a “buy” rating to a “hold” rating in a research 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 given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $169.46.

The firm has a 50-day moving average price of $174.96 and a 200 day moving average price of $166.51. The firm has a market capitalization of $38.19 billion, a price-to-earnings ratio of 34.23 and a beta of 0.97.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Wednesday, September 7th. Becton Dickinson and’s dividend payout ratio is presently 50.19%.

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 shares were sold at an average price of $176.81, for a total value of $5,192,379.27. Following the completion of the transaction, the insider now owns 125,870 shares in the company, valued at approximately $22,255,074.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $2,074,768.08. Following the completion of the transaction, 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. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Evercore Wealth Management LLC boosted its position in Becton Dickinson and by 2.3% in the second quarter. Evercore Wealth Management LLC now owns 8,895 shares of the company’s stock valued at $1,508,000 after buying an additional 201 shares during the period. Williams Jones & Associates LLC boosted its position in Becton Dickinson and by 58.8% in the second quarter. Williams Jones & Associates LLC now owns 6,465 shares of the company’s stock valued at $1,096,000 after buying an additional 2,394 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Becton Dickinson and during the second quarter valued at approximately $1,453,000. Kentucky Retirement Systems purchased a new position in Becton Dickinson and during the second quarter valued at approximately $3,060,000. Finally, Mason Street Advisors LLC purchased a new position in Becton Dickinson and during the second quarter valued at approximately $4,847,000. Hedge funds and other institutional investors own 81.96% of the company’s stock.

Becton Dickinson and Company Profile

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.

5 Day Chart for NYSE:BDX

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