Let’s look at the key reasons that are pushing Becton Dickinson & Co (BDX) to new highs

Becton Dickinson & Co (NYSE: BDX) on Monday, plunged -0.39% from the previous trading day, before settling in for the closing price of $235.24. Within the past 52 weeks, BDX’s price has moved between $218.75 and $259.92.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 4.86%. The company achieved an average annual earnings per share of 7.39%. With a float of $288.63 million, this company’s outstanding shares have now reached $290.39 million.

Let’s determine the extent of company efficiency that accounts for 73000 employees. In terms of profitability, gross margin is 42.06%, operating margin of 11.79%, and the pretax margin is 8.44%.

Becton Dickinson & Co (BDX) Breakdown of a Key Holders of the stock

Observing investor behavior towards Medical Instruments & Supplies industry stocks is more important than anything else. The insider ownership of Becton Dickinson & Co is 0.14%, while institutional ownership is 90.01%. The most recent insider transaction that took place on Sep 16 ’24, was worth 94,312. Before that another transaction happened on Jun 10 ’24, when Company’s SVP,Controller&Chief Acct Off sold 300 for $239.31, making the entire transaction worth $71,793. This insider now owns 1,976 shares in total.

Becton Dickinson & Co (BDX) Recent Fiscal highlights

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 3.42 earnings per share (EPS) for the period falling under the consensus outlook (set at 3.43) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 7.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 52.43% growth over the previous five years of trading.

Becton Dickinson & Co (NYSE: BDX) Trading Performance Indicators

Becton Dickinson & Co (BDX) is currently performing well based on its current performance indicators. A quick ratio of 1.36 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.44. Likewise, its price to free cash flow for the trailing twelve months is 21.18.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.86, a number that is poised to hit 3.77 in the next quarter and is forecasted to reach 14.35 in one year’s time.

Technical Analysis of Becton Dickinson & Co (BDX)

Looking closely at Becton Dickinson & Co (NYSE: BDX), its last 5-days average volume was 1.16 million, which is a drop from its year-to-date volume of 1.37 million. As of the previous 9 days, the stock’s Stochastic %D was 15.74%. Additionally, its Average True Range was 3.42.

During the past 100 days, Becton Dickinson & Co’s (BDX) raw stochastic average was set at 59.40%, which indicates a significant increase from 14.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.37% in the past 14 days, which was lower than the 16.47% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $237.42, while its 200-day Moving Average is $236.50. However, in the short run, Becton Dickinson & Co’s stock first resistance to watch stands at $236.84. Second resistance stands at $239.35. The third major resistance level sits at $241.29. If the price goes on to break the first support level at $232.40, it is likely to go to the next support level at $230.46. Now, if the price goes above the second support level, the third support stands at $227.95.

Becton Dickinson & Co (NYSE: BDX) Key Stats

Market capitalization of the company is 68.21 billion based on 289,042K outstanding shares. Right now, sales total 19,372 M and income totals 1,484 M. The company made 4,990 M in profit during its latest quarter, and 487,000 K in sales during its previous quarter.