Here is What Hedge Funds Think About Becton, Dickinson and Co. (NYSE:BDX)

Is Becton, Dickinson and Co. (NYSE:BDX) a great investment right now? Hedge funds are taking an optimistic view. The number of bullish hedge fund bets moved up by 3 recently.

In the financial world, there are plenty of methods investors can use to track the equity markets. Some of the most useful are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best hedge fund managers can trounce their index-focused peers by a healthy amount (see just how much).

Becton, Dickinson and Co. (NYSE:BDX)Equally as integral, bullish insider trading sentiment is a second way to parse down the world of equities. As the old adage goes: there are plenty of incentives for an insider to drop shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Plenty of academic studies have demonstrated the useful potential of this method if you know where to look (learn more here).

With all of this in mind, let’s take a gander at the key action regarding Becton, Dickinson and Co. (NYSE:BDX).

What have hedge funds been doing with Becton, Dickinson and Co. (NYSE:BDX)?

At year’s end, a total of 23 of the hedge funds we track were long in this stock, a change of 15% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their holdings considerably.

Of the funds we track, Richard S. Pzena’s Pzena Investment Management had the largest position in Becton, Dickinson and Co. (NYSE:BDX), worth close to $261 million, comprising 2.1% of its total 13F portfolio. Coming in second is David Blood and Al Gore of Generation Investment Management, with a $232 million position; 0% of its 13F portfolio is allocated to the stock. Other hedge funds with similar optimism include Donald Yacktman’s Yacktman Asset Management, Ken Griffin’s Citadel Investment Group and Mario Gabelli’s GAMCO Investors.

As aggregate interest increased, specific money managers were leading the bulls’ herd. Renaissance Technologies, managed by Jim Simons, assembled the biggest position in Becton, Dickinson and Co. (NYSE:BDX). Renaissance Technologies had 9 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $1 million position during the quarter. The following funds were also among the new BDX investors: James Dondero’s Highland Capital Management, SAC Subsidiary’s Sigma Capital Management, and Jacob Gottlieb’s Visium Asset Management.

How are insiders trading Becton, Dickinson and Co. (NYSE:BDX)?

Insider buying is at its handiest when the company in focus has seen transactions within the past half-year. Over the last six-month time period, Becton, Dickinson and Co. (NYSE:BDX) has experienced zero unique insiders buying, and 9 insider sales (see the details of insider trades here).

With the returns exhibited by Insider Monkey’s strategies, retail investors must always monitor hedge fund and insider trading activity, and Becton, Dickinson and Co. (NYSE:BDX) is an important part of this process.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!