T. Rowe Price Investment Manageme has recently announced that it has increased stake in Becton Dickinson and Company (NYSE:BDX) by 48.81%. After grabbing 5.32 million shares, the institutional investor is now in possession of 1.74 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 1.87% having worth around $1.41 billion. Moreover, Geode Capital Management LLC increased its share by 76294.0 to have a control over 5.02 million shares. And Massachusetts Financial Services raised its holdings to 80894.0 shares by acquiring 4.55 million shares or 1.60% of the stake.
Becton Dickinson and Company (BDX) concluded trading on 05/24/23 at a closing price of $245.25, with 0.97 million shares of worth about $236.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.50% during that period and on Wednesday the price saw a loss of about -0.50%. Currently the company’s common shares owned by public are about 284.29M shares, out of which, 282.10M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 17 analysts are covering the BDX stock and their offered price forecasts bring an average price target of $284.92. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $304.00 and could fall to a lowest price of $260.00. The stock’s current price level is 14.29% above of average price target set by the analysts, while a rise to estimated low would result in gain of 5.67% for the stock. However, touching the estimated high of $304.00 would mean a gain of 19.33% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 69 times over the past 12 months. They bought 134,246 shares in 39 of the transactions. In 30 selling transactions, insiders dumped 68,213 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Wellington Fund are the top 3 mutual funds which are holding stakes in Becton Dickinson and Company Vanguard Total Stock Market ETF is currently holding 8.82 million shares of worth totaling $2.33 billion. The company recently came buying 27697.0 shares which brought its stake up to 3.11% of the company’s outstanding shares. Vanguard 500 Index Fund bought 35635.0 shares, after which its hold over company’s outstanding shares expand to 2.35%, leaving 6.66 million shares with the mutual fund that have a worth of about $1.76 billion. Vanguard Wellington Fund, after selling 4.22 million shares, have now control over 1.49% of the stake in the company. It holds -0.19 million shares of worth $1.12 billion.
Becton Dickinson and Company (NYSE: BDX) started trading at $246.30, below -$0.18 from concluding price of the previous day. However, the stock later moved at a day high price of 246.30, or with a loss of -0.50%. Stock saw a price change of -2.40% in past 5 days and over the past one month there was a price change of -6.01%. Year-to-date (YTD), BDX shares are showing a performance of -3.56% which decreased to -4.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $215.90 but also hit the highest price of $269.06 during that period. The average intraday trading volume for Becton Dickinson and Company shares is 1.04 million. The stock is currently trading -3.72% below its 20-day simple moving average (SMA20), while that difference is down -2.20% for SMA50 and it goes to -0.04% lower than SMA200.
T. Rowe Price Investment Manageme acquired 5.32 million shares of Becton Dickinson and Company having value of about $1.41 billion. Data submitted at the U.S SEC by T. Rowe Price Investment Manageme revealed that the firm now holds 1.74 million shares in the company valued at close to $427845492.0, or have control over 48.81% stake in the company. Becton Dickinson and Company (NYSE: BDX) currently have 284.29M outstanding shares and institutions hold larger chunk of about 90.90% of that. Holding of mutual funds in the company is about 39.78% while other institutional holders and individual stake holders have control over 49.58% and 0.80% of the stake respectively.
The stock has a current market capitalization of $69.57B and its 3Y-monthly beta is at 0.56. PE ratio of stock for trailing 12 months is 45.08, while it has posted earnings per share of $5.44 in the same period. Its PEG reads 4.58 and has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BDX, volatility over the week remained 1.31% while standing at 1.34% over the month.
Analysts are in expectations that Becton Dickinson and Company (BDX) stock would likely to be making an EPS of $2.9 in the current quarter, while forecast for next quarter EPS is $3.46 and it is $13.63 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.79 which is $3.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.66 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.70% while it is estimated to increase by 11.71% in next year. EPS is likely to grow at an annualized rate of 9.85% for next 5-years, compared to annual growth of 3.10% made by the stock over the past 5-years.
Analysts at 17 brokerage firms have issued recommendations for the Becton Dickinson and Company (BDX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 17 Wall Street analysts, 11 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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