Becton Dickinson and Company (NYSE: BDX) Has Another Chance To Impress You


SSgA Funds Management, Inc. recently announced the acquisition of new stake in Becton Dickinson and Company (NYSE:BDX). The institutional investor has increased its shareholding in the Healthcare company by 0.35% to 11.49 million shares with purchase of 39890.0 shares. This fresh investment now brings its stake to 3.97% valued currently at $2.75 billion. In addition, Wellington Management Co. LLP raised its holdings by 5.87 million to 8.47 million shares. And Morgan Stanley Investment Managem. has lifted its position by 6.38% or 0.3 million shares – to 5.02 million shares.

With over 0.92 million Becton Dickinson and Company (BDX) shares trading Thursday and a closing price of $273.84 on the day, the dollar volume was approximately $251.34 million. The shares have shown a positive weekly performance of 0.41% and its price on 07/30/20 lost nearly -0.93%. Currently, there are 272.01M common shares owned by the public and among those 271.08M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for BDX have a consensus price objective of $279.93. The analysts have set the share’s price value over the next 12 months at a high of $300.00 and a low of $248.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Becton Dickinson and Company stock is 2.10 for the next 12 months. The average price target is 2.18% above its last price level and an upside to the estimated low will see the stock lose -10.42% over that period. But an upside of 8.72% will see the stock hit the forecast high price target while mean target price for the stock is $280.00.

Insiders at the company have transacted a total of 146 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 50 of these insider trades were purchases, accounting for 386,363 shares. Insider sales of the common stock occurred on 96 occasions, with total insider shares sold totaling 418,754 shares.

The top 3 mutual fund holders in Becton Dickinson and Company are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Vanguard Wellington Fund. Vanguard Total Stock Market Index owns 8.41 million shares of the company’s stock, all valued at over $2.01 billion. The company bought an additional 0.61 million shares recently to bring their total holdings to about 2.90% of the shares outstanding. Vanguard 500 Index Fund bought 96044.0 shares to see its total holdings expand to 6.12 million shares valued at over $1.46 billion and representing 2.11% of the shares outstanding. Vanguard Wellington Fund bought 4.44 million shares to bring its total holdings to over 5.0 million shares at a value of $1.2 billion. Vanguard Wellington Fund now owns shares totaling to 1.72% of the shares outstanding.

Shares of Becton Dickinson and Company (NYSE: BDX) opened at $273.34, down -$3.06 from a prior closing price of $276.40. However, the script later closed the day at $273.84, down -0.93%. The company’s stock has a 5-day price change of 0.41% and 8.44% over the past three months. BDX shares are trading 0.69% year to date (YTD), with the 12-month market performance up to 8.32% higher. It has a 12-month low price of $197.75 and touched a high of $286.72 over the same period. Currently, 0.92 million shares have been traded, compared to an average intraday trading volume of 2.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.15%, 10.22%, and 8.19% respectively.

Institutional ownership of Becton Dickinson and Company (NYSE: BDX) shares accounts for 83.60% of the company’s 272.01M shares outstanding. Mutual fund holders own 33.47%, while other institutional holders and individual stakeholders account for 49.33% and 0.70% respectively.

It has a market capitalization of $79.59B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 88.22, while the earnings-per-share (ttm) stands at $3.10. The company has a PEG of 19.18 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.71% over the week and 1.94% over the month.

Analysts forecast that Becton Dickinson and Company (BDX) will achieve an EPS of $2.04 for the current quarter, $3.08 for the next quarter and $12.63 for 2021. The lowest estimate earnings-per-share for the quarter is $1.69 while analysts give the company a high EPS estimate of $2.35. Comparatively, EPS for the current quarter was $3.08 a year ago. Earnings per share for the fiscal year are expected to increase by 24.40%, and 21.21% over the next financial year. EPS should grow at an annualized rate of 4.60% over the next five years, compared to -8.90% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Becton Dickinson and Company (BDX) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 7 of the 19 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the BDX, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on July 09, 2020, with the firm’s price target at $300. Goldman coverage for the Becton Dickinson and Company (BDX) stock in a research note released on June 01, 2020 offered a Buy rating with a price target of $278. Citigroup was of a view on March 05, 2020 that the stock is Neutral, while Raymond James gave the stock Outperform rating on February 07, 2020, issuing a price target of $283. KeyBanc Capital Markets on their part issued Sector Weight rating on February 07, 2020.


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