Danaher (DHR) Stock Price Rose While Stock Yards Bank & Trust Co Has Decreased Its Position; Becton Dickinson & Co (BDX) Shareholder Santa Barbara Asset Management Has Cut Its Stake by $1.36 Million as Stock Declined

April 24, 2018 - By Darrin Black

Becton, Dickinson and Company (NYSE:BDX) Logo

Santa Barbara Asset Management Llc decreased its stake in Becton Dickinson & Co (BDX) by 0.83% based on its latest 2017Q4 regulatory filing with the SEC. Santa Barbara Asset Management Llc sold 6,359 shares as the company’s stock declined 1.94% with the market. The institutional investor held 759,129 shares of the health care company at the end of 2017Q4, valued at $162.50 million, down from 765,488 at the end of the previous reported quarter. Santa Barbara Asset Management Llc who had been investing in Becton Dickinson & Co for a number of months, seems to be less bullish one the $61.13B market cap company. The stock decreased 1.47% or $3.43 during the last trading session, reaching $229.59. About 735,605 shares traded. Becton, Dickinson and Company (NYSE:BDX) has risen 15.92% since April 24, 2017 and is uptrending. It has outperformed by 4.37% the S&P500.

Sharlyn C. Heslam decreased its stake in Danaher Corporation (DHR) by 19.63% based on its latest 2017Q4 regulatory filing with the SEC. Stock Yards Bank & Trust Co sold 31,402 shares as the company’s stock rose 4.06% while stock markets declined. The hedge fund run by Sharlyn C. Heslam held 128,576 shares of the industrial machinery and components company at the end of 2017Q4, valued at $11.94M, down from 159,978 at the end of the previous reported quarter. Stock Yards Bank & Trust Co who had been investing in Danaher Corporation for a number of months, seems to be less bullish one the $69.52B market cap company. The stock decreased 1.67% or $1.69 during the last trading session, reaching $99.51. About 1.49M shares traded. Danaher Corporation (NYSE:DHR) has risen 13.03% since April 24, 2017 and is uptrending. It has outperformed by 1.48% the S&P500.

Analysts await Becton, Dickinson and Company (NYSE:BDX) to report earnings on May, 3 before the open. They expect $2.61 EPS, up 13.48% or $0.31 from last year’s $2.3 per share. BDX’s profit will be $694.90M for 21.99 P/E if the $2.61 EPS becomes a reality. After $2.48 actual EPS reported by Becton, Dickinson and Company for the previous quarter, Wall Street now forecasts 5.24% EPS growth.

Investors sentiment increased to 1.55 in Q4 2017. Its up 0.62, from 0.93 in 2017Q3. It improved, as 50 investors sold BDX 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. Becker Management, Oregon-based fund reported 87,510 shares. Jefferies Group Inc Limited owns 0.06% invested in Becton, Dickinson and Company (NYSE:BDX) for 56,168 shares. Fil Ltd stated it has 72,901 shares. Deutsche Bankshares Ag holds 0.21% or 1.50 million shares. Fulton Bank Na holds 0.04% of its portfolio in Becton, Dickinson and Company (NYSE:BDX) for 2,589 shares. First Quadrant Limited Partnership Ca has invested 0.02% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). Wedgewood Invsts Incorporated Pa reported 0.58% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). Hsbc Hldgs Public Limited Co owns 0.09% invested in Becton, Dickinson and Company (NYSE:BDX) for 292,682 shares. Ardevora Asset Mgmt Limited Liability Partnership owns 1.06% invested in Becton, Dickinson and Company (NYSE:BDX) for 163,970 shares. Tctc Hldgs Llc holds 0.02% or 1,570 shares in its portfolio. Caprock Grp, a Idaho-based fund reported 4,854 shares. Milestone Group owns 1,703 shares or 0.06% of their US portfolio. Bragg Fincl Incorporated stated it has 1.66% of its portfolio in Becton, Dickinson and Company (NYSE:BDX). 9,212 were reported by Duncker Streett. Taurus Asset Mgmt Ltd Liability has invested 1.62% of its portfolio in Becton, Dickinson and Company (NYSE:BDX).

Among 20 analysts covering Becton Dickinson (NYSE:BDX), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Becton Dickinson had 53 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Wednesday, December 20. The firm has “Buy” rating given on Tuesday, July 18 by Piper Jaffray. The stock of Becton, Dickinson and Company (NYSE:BDX) has “Buy” rating given on Tuesday, February 6 by Jefferies. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, February 6 report. The firm has “Buy” rating by Wells Fargo given on Friday, September 22. Evercore downgraded the stock to “Hold” rating in Wednesday, January 6 report. The rating was maintained by Wells Fargo with “Outperform” on Tuesday, October 24. RBC Capital Markets maintained Becton, Dickinson and Company (NYSE:BDX) on Monday, July 10 with “Hold” rating. The firm has “Buy” rating by UBS given on Friday, August 5. Jefferies maintained Becton, Dickinson and Company (NYSE:BDX) on Tuesday, September 26 with “Buy” rating.

Santa Barbara Asset Management Llc, which manages about $4.47 billion and $6.61 billion US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 2.06M shares to 4.38 million shares, valued at $175.36 million in 2017Q4, according to the filing. It also increased its holding in Cvs Health Corp (NYSE:CVS) by 449,232 shares in the quarter, for a total of 1.99M shares, and has risen its stake in Spdr S&P 500 Etf Tr (SPY).

Since February 23, 2018, it had 0 insider purchases, and 4 insider sales for $2.59 million activity. On Tuesday, February 27 Gallagher John E sold $1.21M worth of Becton, Dickinson and Company (NYSE:BDX) or 5,355 shares. Polen Thomas E Jr sold 1,877 shares worth $426,079. RING TIMOTHY M sold $38,416 worth of stock.

Among 20 analysts covering Danaher Corporation (NYSE:DHR), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Danaher Corporation had 94 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Buy” on Thursday, May 25. The rating was maintained by Jefferies on Wednesday, September 13 with “Buy”. The stock of Danaher Corporation (NYSE:DHR) earned “Buy” rating by Cowen & Co on Tuesday, January 30. Citigroup maintained it with “Neutral” rating and $84 target in Wednesday, July 27 report. Jefferies maintained it with “Buy” rating and $11700 target in Thursday, April 19 report. The rating was maintained by Barclays Capital on Wednesday, September 7 with “Overweight”. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, January 31. The stock has “Overweight” rating by Barclays Capital on Monday, April 18. The rating was maintained by Argus Research with “Buy” on Monday, October 26. Citigroup upgraded the stock to “Buy” rating in Friday, February 24 report.

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.04, from 1.01 in 2017Q3. It turned negative, as 50 investors sold DHR shares while 376 reduced holdings. 79 funds opened positions while 333 raised stakes. 516.43 million shares or 1.05% more from 511.08 million shares in 2017Q3 were reported. Moreover, Hamilton Point Advsrs Ltd Liability has 1.92% invested in Danaher Corporation (NYSE:DHR) for 39,497 shares. Mai Management has invested 0.09% of its portfolio in Danaher Corporation (NYSE:DHR). Moreno Evelyn V owns 68,013 shares for 1.91% of their portfolio. Moreover, Bancorporation Of The West has 0.13% invested in Danaher Corporation (NYSE:DHR). Moreover, Green Valley Investors Ltd Liability Corporation has 4.57% invested in Danaher Corporation (NYSE:DHR). Greenleaf Trust holds 85,150 shares or 0.16% of its portfolio. Bragg Financial Advsrs reported 62,481 shares. Wealthtrust Fairport Ltd Limited Liability Company, a Ohio-based fund reported 66,937 shares. Allen accumulated 991,872 shares. Of Virginia Ltd Limited Liability Company reported 27,723 shares. Heritage Management owns 16,392 shares for 0.09% of their portfolio. Pnc Financial Serv Gp owns 295,687 shares. Morgan Stanley holds 0.29% of its portfolio in Danaher Corporation (NYSE:DHR) for 11.37M shares. Liberty Cap Management Inc holds 44,210 shares or 2.32% of its portfolio. Glenmede Tru Na holds 52,496 shares.

Danaher Corporation (NYSE:DHR) Institutional Positions Chart

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