OneDigital Investment Advisors LLC Purchases Shares of 8,473 Becton, Dickinson and Company $BDX

Key Points

• OneDigital Investment Advisors acquired 8,473 Becton, Dickinson and Company shares worth approximately $1.28 million in the second quarter. Institutional investors own 86.97% of BDX.
• BDX exceeded quarterly expectations, reporting $3.23 in EPS and $4.98 billion in revenue, with revenue up 5.4% year over year. Analysts maintain a consensus “Hold” rating and an average price target of $185.67.
• The company declared a quarterly dividend of $1.05 per share, equivalent to a 2.3% annualized yield, while insiders sold 11,779 shares worth approximately $1.97 million over the past three months.

OneDigital Investment Advisors LLC acquired a new position in Becton, Dickinson and Company (NYSE:BDX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,473 shares of the medical instruments supplier's stock, valued at approximately $1,282,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BDX. Plato Investment Management Ltd purchased a new position in shares of Becton, Dickinson and Company in the 2nd quarter worth about $1,728,000. Bell Investment Advisors Inc purchased a new position in shares of Becton, Dickinson and Company during the 2nd quarter valued at about $29,000. AMG National Trust Bank bought a new stake in Becton, Dickinson and Company in the 2nd quarter worth approximately $398,000. Avise Financial Cooperative Inc. purchased a new stake in Becton, Dickinson and Company in the second quarter worth approximately $236,000. Finally, Simplicity Wealth LLC bought a new position in Becton, Dickinson and Company during the second quarter valued at approximately $217,000. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Becton, Dickinson and Company from $161.00 to $175.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Bank of America decreased their target price on shares of Becton, Dickinson and Company from $177.00 to $170.00 in a research report on Friday, June 12th. UBS Group began coverage on shares of Becton, Dickinson and Company in a research note on Tuesday, July 28th. They issued a "buy" rating and a $190.00 price target for the company. Evercore set a $180.00 price objective on Becton, Dickinson and Company in a research note on Monday, July 6th. Finally, The Goldman Sachs Group decreased their price objective on Becton, Dickinson and Company from $156.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, May 27th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Becton, Dickinson and Company currently has an average rating of "Hold" and a consensus price target of $185.67.

Insider Activity at Becton, Dickinson and Company

In related news, CEO Thomas E. Polen, Jr. sold 4,152 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $185.00, for a total transaction of $768,120.00. Following the sale, the chief executive officer owned 110,163 shares of the company's stock, valued at $20,380,155. The trade was a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael David Garrison sold 1,100 shares of the company's stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $145.66, for a total transaction of $160,226.00. Following the completion of the sale, the executive vice president owned 13,172 shares in the company, valued at approximately $1,918,633.52. This trade represents a 7.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,779 shares of company stock valued at $1,974,669 in the last three months. Company insiders own 0.40% of the company's stock.

Becton, Dickinson and Company Stock Performance

Becton, Dickinson and Company stock opened at $182.39 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.55. The firm has a market cap of $50.26 billion, a P/E ratio of 54.94, a P/E/G ratio of 12.93 and a beta of 0.19. The firm has a 50-day moving average of $158.48 and a 200-day moving average of $161.26. Becton, Dickinson and Company has a 1-year low of $127.59 and a 1-year high of $187.35.

Becton, Dickinson and Company (NYSE:BDX - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The medical instruments supplier reported $3.23 EPS for the quarter, topping the consensus estimate of $3.14 by $0.09. The business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.89 billion. Becton, Dickinson and Company had a net margin of 4.52% and a return on equity of 14.79%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.68 EPS. Becton, Dickinson and Company has set its FY 2026 guidance at 12.620-12.720 EPS. Sell-side analysts expect that Becton, Dickinson and Company will post 12.67 EPS for the current year.

Becton, Dickinson and Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 9th. Becton, Dickinson and Company's dividend payout ratio (DPR) is 126.51%.

Becton, Dickinson and Company Profile

Becton, Dickinson and Company (BDX) is a global medical technology company that develops, manufactures and sells a broad range of medical devices, instrument systems and reagents. BD's products are used by healthcare institutions, clinical laboratories, life science researchers and the pharmaceutical industry to enable safe, effective delivery of care, specimen collection and diagnostic testing. The company's operations span multiple business areas focused on medical devices, life sciences research tools and interventional technologies.

BD's product portfolio includes single-use medical devices such as syringes, needles, needlesafety and injection systems, infusion therapy and medication management solutions, as well as vascular access, urology and oncology devices acquired through its interventional business.

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