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Thomas J. Sporell, executive vice president, controller and chief accounting officer of Becton Dickinson & Company (NYSE:), recently sold a portion of his company's stock, according to the latest SEC filings. was sold. In the transaction, which took place on March 14, 282 shares were sold at a price of $238.29 per share, for a total value of $67,197.
The sale reduced Sporell's direct holdings in the company to 2,276 shares. Additionally, the filing revealed that as of March 1, 2024, Sporell indirectly owned 117 shares of Becton Dickinson common stock through the company's 401(k) plan. Information regarding 401(k) plans is included and highlighted in footnotes to the document. The different nature of this indirect holding.
Investors often monitor insider transactions because it can give them an indication of management's confidence in a company's future performance. While the sale of stock by management may be questionable, it is also a common practice in personal financial management, including diversification and liquidity needs.
Becton Dickinson, one of the world's leading medical technology companies, trades on the New York Stock Exchange under the ticker BDX. The company specializes in a wide range of medical devices and diagnostic products used by medical institutions around the world.
The transaction was signed by Donna Karazdi on a power of attorney from Thomas J. Sporell on March 15, 2024, the same day the document was filed with the SEC.
Investment Pro Insights
As Becton Dickinson & Company (NYSE:BDX) navigates a complex market, recent data from InvestingPro provides a deeper look into the company's financial health and stock price performance. With a solid market capitalization of $68.55 billion, Becton Dickinson has established itself as a significant player in the healthcare equipment and medical supplies industry. Despite having a high price-to-earnings ratio (P/E) of 55.92, indicating a premium valuation, the company's adjusted P/E ratio for the past 12 months as of Q1 2024 is rather modest at 35.76.
InvestingPro Tips highlights Becton Dickinson's impressive track record of 53 consecutive years of dividend increases, suggesting a strong commitment to returning value to shareholders. Additionally, the company is expected to make a profit this year and increase its net income. This financial stability is accentuated by the company's low price volatility, which may be attractive to investors looking for more predictable stock performance during market fluctuations.
Although some analysts have lowered their earnings estimates for next year, Becton Dickinson's stable dividend payments and status as a prominent industry player remain attractive to potential investors. For those looking to learn more about Becton Dickinson's financials and stock analysis, InvestingPro offers a wealth of additional tips, with a total of 11 in-depth insights available.To access these insights and optimize your investment strategy, use the coupon code pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions.
Finally, the company's next fiscal year end date is May 2, 2024, which will be an important time for investors to assess Becton Dickinson's continued performance and future prospects. .
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