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Should You Buy Becton, Dickinson and Co. (BDX)?

Now, specific money managers were leading the bulls’ herd. Alyeska Investment Group, managed by Anand Parekh, assembled the most outsized position in Becton, Dickinson and Co. (NYSE:BDX). Alyeska Investment Group had $85.9 million invested in the company at the end of the quarter. Joe DiMenna’s ZWEIG DIMENNA PARTNERS also initiated a $11.3 million position during the quarter. The other funds with new positions in the stock are Matthew Tewksbury’s Stevens Capital Management, Alec Litowitz and Ross Laser’s Magnetar Capital, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s go over hedge fund activity in other stocks similar to Becton, Dickinson and Co. (NYSE:BDX). These stocks are American Electric Power Company, Inc. (NYSE:AEP), The Chubb Corporation (NYSE:CB), Monster Beverage Corp (NASDAQ:MNST), and Marsh & McLennan Companies, Inc. (NYSE:MMC). This group of stocks’ market caps resemble BDX’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AEP 29 785217 0
CB 48 1431617 23
MNST 27 772542 0
MMC 26 486154 -6

As you can see these stocks had an average of 32.5 hedge funds with bullish positions and the average amount invested in these stocks was $869 million. That figure was $1159 million in BDX’s case. The Chubb Corporation (NYSE:CB) is the most popular stock in this table. On the other hand Marsh & McLennan Companies, Inc. (NYSE:MMC) is the least popular one with only 26 bullish hedge fund positions. Becton, Dickinson and Co. (NYSE:BDX) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CB might be a better candidate to consider a long position.

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