Becker Capital Management Decreased Its 3M Co (MMM) Position; Becton Dickinson & Company (BDX) Sellers Decreased By 1.7% Their Shorts

January 14, 2018 - By Richard Conner

Becker Capital Management Inc decreased 3M Co (MMM) stake by 1.43% reported in 2017Q3 SEC filing. Becker Capital Management Inc sold 1,786 shares as 3M Co (MMM)’s stock rose 7.02%. The Becker Capital Management Inc holds 123,503 shares with $25.92M value, down from 125,289 last quarter. 3M Co now has $145.61 billion valuation. The stock increased 0.89% or $2.16 during the last trading session, reaching $244.47. About 1.97M shares traded or 0.36% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since January 14, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Becton Dickinson & Company (NYSE:BDX) had a decrease of 1.7% in short interest. BDX’s SI was 12.32M shares in January as released by FINRA. Its down 1.7% from 12.53M shares previously. With 1.06M avg volume, 12 days are for Becton Dickinson & Company (NYSE:BDX)’s short sellers to cover BDX’s short positions. The SI to Becton Dickinson & Company’s float is 5.81%. The stock increased 0.84% or $1.89 during the last trading session, reaching $227.71. About 1.87 million shares traded or 41.07% up from the average. Becton, Dickinson and Company (NYSE:BDX) has risen 12.32% since January 14, 2017 and is uptrending. It has underperformed by 4.38% the S&P500.

Becker Capital Management Inc increased Nestle Sa Adr (NSRGY) stake by 3,833 shares to 140,825 valued at $11.83M in 2017Q3. It also upped Wells Fargo & Co New Com (NYSE:WFC) stake by 24,593 shares and now owns 1.16 million shares. Newmont Mining Corp (NYSE:NEM) was raised too.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It dived, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. Jacobson And Schmitt Advsrs Llc has 1,102 shares. Confluence Mgmt Limited Liability Company holds 489,839 shares. 46,818 are held by Ccm Investment Advisers Ltd. 5,453 are held by Wellington Shields And Co Limited Com. Hl Services Ltd Liability holds 178,934 shares or 0.73% of its portfolio. Public Employees Retirement Association Of Colorado owns 104,921 shares for 0.16% of their portfolio. Violich Cap Mgmt invested 0.46% of its portfolio in 3M Company (NYSE:MMM). Murphy Mngmt Inc invested in 57,661 shares or 1.73% of the stock. Wellington Mgmt Llp holds 0.17% or 3.43M shares in its portfolio. Cookson Peirce & Inc reported 34,609 shares. Public Sector Pension Invest Board holds 0.13% or 138,480 shares. Fayerweather Charles has 16,938 shares for 4.66% of their portfolio. Veritable Ltd Partnership owns 45,895 shares. Pinnacle Wealth Mngmt Advisory Grp Inc Incorporated Ltd Company holds 1.08% in 3M Company (NYSE:MMM) or 8,826 shares. Keybank Natl Association Oh holds 962,825 shares or 1.2% of its portfolio.

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 71 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Thursday, December 14. Stifel Nicolaus maintained 3M Company (NYSE:MMM) rating on Wednesday, July 19. Stifel Nicolaus has “Hold” rating and $20200 target. As per Wednesday, July 26, the company rating was maintained by Morgan Stanley. Jefferies maintained the shares of MMM in report on Thursday, June 1 with “Buy” rating. UBS maintained 3M Company (NYSE:MMM) on Wednesday, December 16 with “Buy” rating. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, October 25. The rating was maintained by Argus Research on Wednesday, October 25 with “Buy”. The firm has “Market Perform” rating by Bernstein given on Wednesday, March 30. The rating was upgraded by Credit Suisse on Friday, September 25 to “Outperform”. The firm earned “Underperform” rating on Tuesday, August 4 by RBC Capital Markets.

Since August 11, 2017, it had 0 buys, and 8 sales for $5.40 million activity. On Thursday, August 17 Hammes Eric D. sold $295,106 worth of 3M Company (NYSE:MMM) or 1,428 shares. 4,004 shares were sold by Gangestad Nicholas C, worth $936,291 on Friday, October 27. Shares for $92,023 were sold by Lindekugel Jon T on Tuesday, October 31. On Friday, October 27 Little Frank R Jr. sold $351,708 worth of 3M Company (NYSE:MMM) or 1,500 shares. 2,348 shares were sold by Fong Ivan K, worth $547,377 on Friday, October 27. THULIN INGE G also sold $1.59M worth of 3M Company (NYSE:MMM) shares. Keel Paul A also sold $1.02 million worth of 3M Company (NYSE:MMM) shares.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.02 EPS, up 7.45% or $0.14 from last year’s $1.88 per share. MMM’s profit will be $1.20 billion for 30.26 P/E if the $2.02 EPS becomes a reality. After $2.33 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts -13.30% negative EPS growth.

Becton, Dickinson and Company develops, makes, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. The company has market cap of $60.67 billion. It operates in two divisions, BD Medical and BD Life Sciences. It has a 49.5 P/E ratio. 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.

Among 18 analysts covering Becton Dickinson (NYSE:BDX), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Becton Dickinson had 46 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, August 3 with “Hold”. The rating was maintained by Stifel Nicolaus on Thursday, August 3 with “Buy”. Cowen & Co maintained the shares of BDX in report on Monday, July 10 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Tuesday, September 26. Stifel Nicolaus maintained it with “Buy” rating and $245.0 target in Thursday, November 2 report. Jefferies maintained Becton, Dickinson and Company (NYSE:BDX) rating on Thursday, March 30. Jefferies has “Buy” rating and $200 target. Jefferies maintained the stock with “Buy” rating in Friday, June 9 report. The rating was maintained by UBS with “Buy” on Friday, August 5. The firm has “Outperform” rating given on Thursday, January 5 by Raymond James. The stock of Becton, Dickinson and Company (NYSE:BDX) has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets.

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.25, from 1.18 in 2017Q2. It turned negative, as 53 investors sold Becton, Dickinson and Company shares while 344 reduced holdings. 74 funds opened positions while 297 raised stakes. 197.53 million shares or 0.90% more from 195.76 million shares in 2017Q2 were reported. Old National Commercial Bank In holds 0.06% of its portfolio in Becton, Dickinson and Company (NYSE:BDX) for 5,320 shares. 110,159 are held by Teacher Retirement Systems Of Texas. Monroe Comml Bank Mi holds 0.02% or 400 shares. St Germain D J Inc stated it has 53,512 shares or 1.31% of all its holdings. Artisan Prns Partnership has invested 0.52% in Becton, Dickinson and Company (NYSE:BDX). Jnba Financial holds 246 shares or 0.01% of its portfolio. 2,503 are held by Green Square Capital Llc. Burgundy Asset Management Limited invested in 796,035 shares or 1.48% of the stock. Moreover, Sentinel Asset Mngmt has 0.64% invested in Becton, Dickinson and Company (NYSE:BDX). Trustmark Comml Bank Tru Department stated it has 7,139 shares. 2,800 were accumulated by Quantres Asset Mgmt Limited. Lombard Odier Asset Mngmt (Europe) owns 3,031 shares. Meiji Yasuda Asset Mgmt Ltd has 23,129 shares for 0.44% of their portfolio. Usca Ria Limited Liability Co holds 2,890 shares. Pictet And Cie (Europe) owns 0.25% invested in Becton, Dickinson and Company (NYSE:BDX) for 8,750 shares.

Since August 9, 2017, it had 0 insider buys, and 9 sales for $15.96 million activity. The insider Polen Thomas E Jr sold 5,971 shares worth $1.18 million. Lim James C also sold $714,210 worth of Becton, Dickinson and Company (NYSE:BDX) on Friday, September 8. Shares for $3.02 million were sold by COHEN GARY M. The insider Mas Ribo Alberto sold $1.50M. Shares for $1.24 million were sold by Shabshab Nabil on Monday, August 14. $941,254 worth of stock was sold by Tharby Linda M on Tuesday, August 22. 11,787 shares were sold by Sichak Stephen, worth $2.36M on Friday, September 8.

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