Retirement Systems of Alabama boosted its stake in shares of Becton Dickinson and Co. (NYSE:BDX) by 47.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,292 shares of the company’s stock after buying an additional 51,109 shares during the period. Retirement Systems of Alabama’s holdings in Becton Dickinson and were worth $28,630,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Becton Dickinson and by 2.0% in the second quarter. Vanguard Group Inc. now owns 14,472,294 shares of the company’s stock valued at $2,454,357,000 after buying an additional 277,081 shares during the last quarter. Jarislowsky Fraser Ltd raised its stake in shares of Becton Dickinson and by 1,050.3% in the second quarter. Jarislowsky Fraser Ltd now owns 10,373,430 shares of the company’s stock valued at $531,241,000 after buying an additional 9,471,594 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Becton Dickinson and by 3.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,848,941 shares of the company’s stock valued at $991,922,000 after buying an additional 189,911 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Becton Dickinson and by 11.1% in the second quarter. BlackRock Fund Advisors now owns 4,345,829 shares of the company’s stock valued at $737,009,000 after buying an additional 433,904 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Becton Dickinson and by 64.3% in the second quarter. JPMorgan Chase & Co. now owns 3,779,957 shares of the company’s stock valued at $641,043,000 after buying an additional 1,479,124 shares during the last quarter. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Institutional Ownership by Quarter for Becton Dickinson and (NYSE:BDX)

Becton Dickinson and Co. (NYSE:BDX) traded up 1.07% during trading on Tuesday, hitting $172.13. The stock had a trading volume of 200,844 shares. Becton Dickinson and Co. has a 52-week low of $129.50 and a 52-week high of $181.76. The firm has a market cap of $36.55 billion, a P/E ratio of 38.34 and a beta of 1.04. The company has a 50-day moving average of $171.40 and a 200 day moving average of $172.45.

Becton Dickinson and (NYSE:BDX) last announced its earnings results on Thursday, November 3rd. The company reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $2.09 by $0.03. Becton Dickinson and had a return on equity of 24.45% and a net margin of 7.82%. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same period last year, the firm earned $1.94 EPS. Becton Dickinson and’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts predict that Becton Dickinson and Co. will post $9.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be issued a $0.73 dividend. This is a boost from Becton Dickinson and’s previous quarterly dividend of $0.66. This represents a $2.92 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, December 7th. Becton Dickinson and’s dividend payout ratio (DPR) is currently 58.54%.

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BDX has been the topic of several research reports. Leerink Swann restated a “hold” rating on shares of Becton Dickinson and in a research note on Tuesday, August 9th. Zacks Investment Research cut Becton Dickinson and from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. Cowen and Company reiterated an “outperform” rating and issued a $185.00 price target on shares of Becton Dickinson and in a research report on Tuesday, August 16th. Citigroup Inc. cut Becton Dickinson and from a “neutral” rating to a “sell” rating and reduced their price target for the company from $167.00 to $165.00 in a research report on Friday, September 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $189.00 price target (down from $197.00) on shares of Becton Dickinson and in a research report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $175.65.

In other Becton Dickinson and news, insider Stephen Sichak sold 10,352 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $176.10, for a total transaction of $1,822,987.20. Following the sale, the insider now directly owns 26,892 shares of the company’s stock, valued at $4,735,681.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Linda M. Tharby sold 11,704 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $177.27, for a total value of $2,074,768.08. Following the sale, the insider now directly owns 22,146 shares in the company, valued at $3,925,821.42. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate 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.

5 Day Chart for NYSE:BDX

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