Insider Sale Alert: Becton Dickinson and Company [BDX] – Is it Time to sell?


In a filing, Becton Dickinson and Company revealed its Director Fraser Claire unloaded Company’s shares for reported $0.24 million on Aug 28. In the deal valued at $281.66 per share,848 shares were sold. As a result of this transaction, Fraser Claire now holds 21,608 shares worth roughly $ 5.9 million.

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Then, Hickey David sold 2,974 shares, generating $826,326 in total proceeds. Upon selling the shares at $277.85, the EVP & President, Life Sciences now owns 4,199 shares.

Before that, Garrison Michael David sold 1,300 shares. Becton Dickinson and Company shares valued at $360,269 were divested by the EVP & President Medical at a price of $277.13 per share. As a result of the transaction, Garrison Michael David now holds 5,157 shares, worth roughly $1.41 million.

Raymond James upgraded its Becton Dickinson and Company [BDX] rating to an Outperform from a a Mkt perform in a research note published on Tuesday. PT values the company’s stock at a premium of 10.53 to its Tuesday closing price.

Price Performance Review of BDX

On Tuesday, Becton Dickinson and Company [NYSE:BDX] saw its stock fall -2.00% to $272.88. On the same session, the stock had its day’s lowest price of $272.355, but rose to a high of $278.45. Over the last five days, the stock has lost -3.08%. Becton Dickinson and Company shares have risen nearly 7.31% since the year began. Nevertheless, the stocks have risen 6.91% over the past one year. While a 52-week high of $287.32 was reached on 07/24/23, a 52-week low of $215.90 was recorded on 03/13/23. SMA at 50 days reached $271.11, while 200 days put it at $253.95. A total of 1.21 million shares were traded, compared to the trading of 0.83 million shares in the previous session.

Levels Of Support And Resistance For BDX Stock

The 24-hour chart illustrates a support level at 270.67, which if violated will result in even more drops to 268.47. On the upside, there is a resistance level at 276.77. A further resistance level may holdings at 280.66. The Relative Strength Index (RSI) on the 14-day chart is 44.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.29%. Stochastics %K at 37.83% indicates the stock is a holding.

How much short interest is there in Becton Dickinson and Company?

A steep rise in short interest was recorded in Becton Dickinson and Company stocks on Aug 14, 2023, growing by 0.96 million shares to a total of 3.27 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.31 million shares. There was a rise of 29.36%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.06.

Becton Dickinson and Company [BDX] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 24,253,993 shares, or roughly 8.36% of the outstanding BDX shares. In other words, the investor’s shares have risen by 55,406 from its previous 13-F filing of 24198587.0. Additionally, BlackRock Fund Advisors decreased -2.87% of its stake after which the total value it holdings stand at $3,967,467,443, while T. Rowe Price Associates, Inc. reduced -4.73% of its stake to hold $3.84 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 76,244 shares of Becton Dickinson and Company, while Wellington Management Co. LLP bought -166,969 shares. At present, Morgan Stanley Investment Managem is holding 6,426,727 shares valued at $1.79 billion. T. Rowe Price Investment Manageme owned 6,241,133 shares of the company at the time of its most recent 13F filing, worth $1.74 billion.

According to FactSet, Becton Dickinson and Company’s share price will average $299.42 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.45 percent from its previous closing price of $278.46. Analysts expect Becton Dickinson and Company stock to reach the higher price of $325.00, while the lowest price estimate is $271.00. However, 19 analysts have rated BDX stock as an Overweight in their predictions for 2023.


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