It Seems Becton Dickinson and Company (NYSE:BDX) Will Go Up. Just Reported Less Shorted Shares

May 17, 2018 - By Hannah Black

Becton, Dickinson and Company (NYSE:BDX) Logo

Investors sentiment increased to 1.55 in Q4 2017. Its up 0.62, from 0.93 in 2017Q3. It is positive, as 50 investors sold Becton, Dickinson and Company shares while 294 reduced holdings. 147 funds opened positions while 386 raised stakes. 215.77 million shares or 9.23% more from 197.53 million shares in 2017Q3 were reported.
The Illinois-based Drw Llc has invested 0.07% in Becton, Dickinson and Company (NYSE:BDX). Eaton Vance Management has 0.06% invested in Becton, Dickinson and Company (NYSE:BDX) for 115,817 shares. Sumitomo Mitsui Tru Inc holds 787,133 shares or 0.22% of its portfolio. Proshare Advisors reported 460,631 shares. Daiwa Secs Gp owns 10,501 shares or 0.02% of their US portfolio. San Francisco Sentry Inv Grp Incorporated (Ca) owns 172 shares. Jane Street Gru, a New York-based fund reported 20,728 shares. Boston Advisors Limited Liability Corp holds 0.04% or 8,395 shares. Ferguson Wellman Mgmt Inc reported 57,024 shares. Texas Permanent School Fund accumulated 72,340 shares or 0.19% of the stock. Chevy Chase Holding owns 254,083 shares. Ontario Teachers Pension Plan Board has 0.11% invested in Becton, Dickinson and Company (NYSE:BDX). Ogorek Anthony Joseph New York Adv has invested 0.01% in Becton, Dickinson and Company (NYSE:BDX). Ny State Common Retirement Fund, a New York-based fund reported 999,340 shares. Quantbot Tech Ltd Partnership invested in 37,528 shares.

Since February 23, 2018, it had 1 insider buy, and 5 selling transactions for $4.78 million activity. Another trade for 4,048 shares valued at $910,726 was made by Borzi James W on Monday, February 26. Polen Thomas E Jr had sold 1,877 shares worth $426,079. The insider Shabshab Nabil sold $2.31M. RING TIMOTHY M also sold $38,416 worth of Becton, Dickinson and Company (NYSE:BDX) on Friday, February 23. On Monday, May 7 Melcher David F bought $112,535 worth of Becton, Dickinson and Company (NYSE:BDX) or 500 shares.

The stock of Becton Dickinson and Company (NYSE:BDX) registered a decrease of 2.65% in short interest. BDX’s total short interest was 5.07M shares in May as published by FINRA. Its down 2.65% from 5.21 million shares, reported previously. With 1.02 million shares average volume, it will take short sellers 5 days to cover their BDX’s short positions. The short interest to Becton Dickinson and Company’s float is 2.23%.

The stock decreased 0.39% or $0.88 during the last trading session, reaching $223.99. About 776,068 shares traded. Becton, Dickinson and Company (NYSE:BDX) has risen 15.92% since May 17, 2017 and is uptrending. It has outperformed by 4.37% the S&P500.

Becton, Dickinson and Company develops, makes, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. The company has market cap of $59.85 billion. It operates in two divisions, BD Medical and BD Life Sciences. It currently has negative earnings. The BD Medical segment offers syringes, pen needles, and IV sets for diabetes; needles, syringes, and intravenous catheters for medication delivery; prefilled IV flush syringes; regional anesthesia needles and trays; sharps disposal containers; closed-system transfer devices; skin antiseptic products; surgical and laproscopic instrumentations; intravenous medication safety and infusion therapy delivery, and automated medication dispensing and supply management systems; and prefillable drug delivery systems.

Becton, Dickinson and Company (NYSE:BDX) Ratings Coverage

Among 12 analysts covering Becton Dickinson (NYSE:BDX), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Becton Dickinson had 13 analyst reports since December 14, 2017 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Wednesday, February 7 by Morgan Stanley. The company was maintained on Thursday, February 8 by RBC Capital Markets. Piper Jaffray maintained it with “Buy” rating and $260.0 target in Tuesday, February 6 report. The firm has “Buy” rating given on Wednesday, December 20 by Cowen & Co. The company was upgraded on Friday, January 5 by Citigroup. Citigroup upgraded the shares of BDX in report on Tuesday, April 10 to “Buy” rating. Jefferies maintained Becton, Dickinson and Company (NYSE:BDX) on Tuesday, February 6 with “Buy” rating. The stock has “Buy” rating by Deutsche Bank on Friday, December 29.

Another recent and important Becton, Dickinson and Company (NYSE:BDX) news was published by Seekingalpha.com which published an article titled: “Becton, Dickinson: More Than A Short-Term Bounce On The Cards?” on May 10, 2018.

Becton, Dickinson and Company (NYSE:BDX) Institutional Positions Chart

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